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05 Nov 2025

✅ US Dollar Index softens to near 100.00

The US Dollar Index (DXY) slips to around 100.15 in Wednesday’s Asian session, easing from a three-month high as the US government shutdown stretches into its 36th day — on track to become the longest in history. The extended deadlock in Congress continues to weigh on investor sentiment and the Greenback.

Meanwhile, Fed Chair Jerome Powell’s recent hawkish remarks have tempered expectations for another rate cut this year, with the odds falling to 70% from 93% last week. This offers mild support to the DXY.

Looking ahead, traders await the release of US private payrolls and ISM Services PMI data for October, which could provide short-term direction for the Dollar.

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