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Dollar Weakens Amid Shutdown Fears; Aussie Rises

10/2/2025

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Summary

Story summary

The U.S. dollar weakened as markets priced in a government shutdown and weak jobs data; the dollar index fell to 97.928.
The Reserve Bank of Australia kept rates, citing inflation concerns, and the Australian dollar rose 0.49%.
The Bank of Canada may cut rates again, with 55% odds at the upcoming meeting, as the Canadian dollar weakens to 1.3945 USD.

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Story summary

The U.S. dollar weakened as markets priced in a government shutdown and weak jobs data; the dollar index fell to 97.928.
The Reserve Bank of Australia kept rates, citing inflation concerns, and the Australian dollar rose 0.49%.
The Bank of Canada may cut rates again, with 55% odds at the upcoming meeting, as the Canadian dollar weakens to 1.3945 USD.