Connect with us

archive

U.S. Shutdown Hits Dollar, Nudges Global Markets

U.S. Shutdown Hits Dollar, Nudges Global Markets (Reuters)

The U.S. government couldn’t come to a last-minute emergency funding agreement before the midnight deadline last night, meaning nearly a million federal employees will not be reporting to work today. Investment-wise, the biggest loser from the first government shutdown in 17 years was the U.S. dollar.  The buck dropped to an eight-month low against the euro and a year-and-a-half low against the Swiss franc. The Dow, S&P 500 and Nasdaq all finished lower in yesterday’s trading session, yet none of the indexes lost more than a percent.  Conversely, global markets were up, but they also lacked any dramatic movers.  Investor consensus seems to be that as long as the shutdown is temporary, they can weather this storm. Here’s hoping they’re right.

Newsletter Signup.

Sign up to the Human Events newsletter

Advertisement
Advertisement

TRENDING NOW:

Jessica Yaniv, Canada transgender waxing case Jessica Yaniv, Canada transgender waxing case

State-Enforced Sexual Assault.

CULTURE

Fox News to Air Fake Republican Group’s Pro-Mueller Ad.

U.S. POLITICS

The Left’s Weaponization of Journalism. 

U.S. POLITICS

Ayanle Hassan Ali, Canada ISIS Jihadi Ayanle Hassan Ali, Canada ISIS Jihadi

Canada Wants To Send This Jihadi to College.

FOREIGN AFFAIRS

archive

U.S. Shutdown Hits Dollar, Nudges Global Markets

The U.S. government couldnâ??t come to a last-minute emergency funding agreement before the midnight deadline last night, meaning nearly a million federal employees will not be reporting to work today. Investment-wise, the biggest loser from the first government shutdown in 17 years was the U.S. dollar.

U.S. Shutdown Hits Dollar, Nudges Global Markets (Reuters)

The U.S. government couldnâ??t come to a last-minute emergency funding agreement before the midnight deadline last night, meaning nearly a million federal employees will not be reporting to work today. Investment-wise, the biggest loser from the first government shutdown in 17 years was the U.S. dollar.  The buck dropped to an eight-month low against the euro and a year-and-a-half low against the Swiss franc. The Dow, S&P 500 and Nasdaq all finished lower in yesterdayâ??s trading session, yet none of the indexes lost more than a percent.  Conversely, global markets were up, but they also lacked any dramatic movers.  Investor consensus seems to be that as long as the shutdown is temporary, they can weather this storm. Hereâ??s hoping theyâ??re right.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

TRENDING NOW:

Jessica Yaniv, Canada transgender waxing case Jessica Yaniv, Canada transgender waxing case

State-Enforced Sexual Assault.

CULTURE

Fox News to Air Fake Republican Group’s Pro-Mueller Ad.

U.S. POLITICS

The Left’s Weaponization of Journalism. 

U.S. POLITICS

Ayanle Hassan Ali, Canada ISIS Jihadi Ayanle Hassan Ali, Canada ISIS Jihadi

Canada Wants To Send This Jihadi to College.

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter