The dollar index stabilized around 99.5 on Thursday, moving sideways so far this week after the House of Representatives passed a short-term funding bill to end the longest US government shutdown in history.
The measure is expected to be signed into law by President Donald Trump, allowing government operations to resume within days.
The shutdown’s end will also clear the way for a backlog of economic reports, though the White House indicated on Wednesday that October’s jobs and CPI data may never be released.
On monetary policy, markets are pricing in roughly a 60% chance of a 25-basis-point Federal Reserve rate cut in December, down from about 67% a day earlier.
Earlier this week, ADP data showed private employers cutting around 11,250 jobs per week in the four weeks to October, heightening concerns over the labor market.
