Dollar Steadies After Rebound Ahead of U.S. Government Shutdown

The dollar stabilized after four consecutive sessions of declines, with the greenback finding partial support from a U.S. Supreme Court decision to review the case concerning the possible removal of Federal Reserve Governor Lisa Cook, whom Donald Trump has signaled he would like to dismiss.

Shutdown delays economic data
The looming government shutdown has slowed the release of key U.S. economic data, leaving traders cautious and markets subdued.

Mixed signals from ADP report
An ADP report suggested that private hiring trends require closer scrutiny, as the data showed uneven gains in both employment and wages during the period.

Uncertainty weighs on outlook
Analysts noted that persistent uncertainty, along with the disruption of normal federal operations, is creating headwinds for market participants and complicating the U.S. economic outlook.