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05 Nov 2025

โœ… US Dollar Index softens to near 100.00

The US Dollar Index (DXY) slips to around 100.15 in Wednesdayโ€™s Asian session, easing from a three-month high as the US government shutdown stretches into its 36th day โ€” 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 Powellโ€™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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