020 7898 0500It looked as if there would be no breakthrough in the US government shutdown yesterday and the dollar weakened against a basket of currencies throughout the day. However, overnight a bill was passed that will fund the government until 8 February. What happens after then is likely going to depend on the fate of Dreamers.
The issue has centred around young immigrants facing deportation, with Democrats refusing to help pass the next round of Federal funding. However, after Senate majority leader Mitch McConnell told Democrats a bill would be put to the floor in February, a vote was passed. There are still some dissenters (from both sides) and it is still a messy situation.
As with yesterday, there are no major releases in the US today, but the rest of the week is busier, beginning with existing home sales for December on Wednesday.
