The U.S. dollar was rising as the market scaled back expectations for another Federal Reserve interest rate cut next month.
This followed news that the full October U.S. nonfarm payrolls report won’t be published due to the government shutdown. The November data will include some October figures but won’t be released until after the Fed’s December decision.
“This reduces the data availability for the Fed before the meeting and thus makes a [decision to hold rates] more likely,” Deutsche Bank analysts said in a note. The minutes of the October Fed meeting on Wednesday also showed many officials leaned against a December rate cut.