FX.co ★ Dollar Holds Steady as US Outlook Mulled

The dollar index remained stable at approximately 98.6 on Tuesday, maintaining a sideways trend throughout the week. Investors are evaluating the implications of the ongoing government shutdown, uncertainties in trade relations, and the Federal Reserve's monetary policy on the US economy's future. According to National Economic Council Director Kevin Hassett, the shutdown might resolve this week, fueling optimism regarding an end to the economic disruptions. On trade matters, President Donald Trump expressed confidence in achieving a fair trade deal with Chinese President Xi Jinping during a forthcoming meeting in South Korea later this month. Simultaneously, investors are anticipating the release of the September Consumer Price Index (CPI) report this Friday, amidst scant data due to the shutdown. The market generally predicts that the Federal Reserve will implement a 25-basis-point interest rate cut next week, with the possibility of further cuts in December and into the following year.