Crédit Agricole: The end of the U.S. government shutdown may halt the dollar's upward momentum

ChainCatcher News, according to Golden Ten Data, Crédit Agricole stated that the upward momentum of the US dollar since October will face a major test as the US government shutdown may soon come to an end. The bank pointed out that once the US government shutdown ends and the release of economic data resumes, weak data may highlight its negative impact on the economy and fuel dovish sentiment. In addition, as the government shutdown ends and the Treasury's cash hoarding is lifted, the liquidity premium of the US dollar may dissipate, causing the dollar to lose another supporting factor.