Forex Markets

US Government shutdown Truce – Impact

“Trump said that the government may shut down again on Feb. 15 or he will declare a national emergency if Congress does not appropriate money for a border wall”

While US Government shutdown ends, the fear and uncertainty related to shutdown will increase and will possibly be escalated. So far markets didn’t panic on the shutdown but assuming the border wall will not be created, now essentially the uncertainty related to shutdown is prolonged till 15th February or for a period which is 55 day plus starting 22nd December 2018.

S&P estimates loss from 35 day shutdown of Government as USD 6 bn. which is a tad higher than the wall cost.

Won’t such shutdowns undermine the global dominance of US Dollar? Certainly this shutdown issue will add to the theme.

 

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