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The US dollar weakens, the risk of government shutdown increases, Trump threatens to fire Powell.
[Coin World] Reports indicate that the US dollar has fallen against a currency basket as US lawmakers are working to avoid a government shutdown. The White House is set to hold a meeting later on September 30, with the Senate expected to re-vote on whether Congress will continue to fund the government after October 1. One analyst noted that investors are cautious about the impending US government shutdown, which will overshadow important economic data releases and "diminish the Fed's policy signals". At the same time, Trump shared a cartoon image on social media threatening to "fire" Powell, raising concerns about the Fed's independence.