The U.S. Dollar is broadly softer as markets digest the official reopening of the U.S. government after the longest shutdown on record, with weeks of missing data still clouding visibility and keeping investors cautious despite a modest return of risk-taking. Odds of a December Federal Reserve rate cut have fallen to about fifty-two percent, yet the dollar is not benefiting as would be typical in a more hawkish setup, and it’s down roughly half a percent since November began. The Euro is firmer on the combination of the U.S. reopening and positive Eurozone data, with September industrial production back in positive territory and the second reading of third-quarter GDP due tomorrow near zero point two percent, which could accelerate gains if stronger. The Canadian dollar has rebounded to its best level since late October, helped by improving building permits and easing U.S.–Canada tensions.
