Surveys Attract Focus As Government Shutdown Leaves FX Markets Without Guidance
1. US Dollar Index rose despite a 25-basis-point rate cut, indicating priced-in expectations. 2. Chair Powell shifted policy from autopilot easing to data-dependent optionality. 3. US equities gained, marking a third consecutive weekly rise; Nasdaq led gains. 4. Improved trade war climate post Trump's Asia trip positively influences market sentiment. 5. With ongoing government shutdown, critical economic indicators like ISM surveys are upcoming.