In the News

Dollar slides as Trump calls temporary end to partial government shutdown

(Reuters) The dollar fell to a more than one-week low on Friday, holding losses, after U.S. President Donald Trump announced a tentative agreement with lawmakers to end a partial U.S. government shutdown for three weeks.

Trump’s announcement briefly pared the dollar’s losses, but traders said the currency reaction was not as strong as expected.

The agreement called for three weeks of stop-gap funding and a senior Democratic aide said the money the president demanded for a border wall is not included. Trump had previously insisted on the inclusion of $5.7 billion to help pay for a wall along the vast U.S.-Mexico border in any legislation to fund government agencies.

“The dollar’s reaction has not been super strong because the uncertainty remains,” said Juan Perez, senior currency trader, at Tempus Inc in Washington

“And it’s also a temporary reopening. He was also actually adamant that a permanent solution should be made,” Perez added.


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