Market sentiment improves on Senate progress
The United States Senate has moved forward with a government funding bill aimed at ending the federal shutdown, passing the first vote with a 60–40 margin. The bill includes an extension of enhanced subsidies under the Affordable Care Act and would fund certain federal departments through January 30.
The amended proposal still requires approval from the House of Representatives before being sent to the President of the United States for final signature. According to Reuters, this process may take several days.
Following the headlines, the US Dollar Index (DXY) has attracted fresh bids, rising 0.05% on the day to 99.64 at the time of writing. The move reflects cautious optimism in financial markets as investors anticipate a resolution to the government shutdown and a return to fiscal stability.