Dollar Slips as Shutdown Fears Mount

The dollar weakened on Monday as U.S. lawmakers rushed to avert a government shutdown. A White House meeting is set for later in the day, followed by a Senate vote that will decide if funding extends beyond Tuesday.

Analysts warn a shutdown could delay key economic data and cloud the Fed’s policy signals. Adding to concerns, President Trump shared a cartoon on Truth Social showing him firing Fed Chair Jerome Powell, raising questions about the central bank’s independence.

The DXY index slipped 0.2% to 97.941.