US Dollar Steadies as Senate Moves to Avert Government Shutdown

The US dollar held firm on Monday after the Senate approved a short-term funding bill to keep the government running through January, easing fears of another costly shutdown. The decision offered relief to financial markets and helped stabilize the greenback after several weeks of uncertainty.

The move ensures that key federal agencies remain open and that crucial economic reports—such as the upcoming jobs and inflation data—will be released on schedule. These figures are expected to heavily influence the Federal Reserve’s next policy decision, as markets now assign growing odds to another rate cut in December.

While US policymakers continue to weigh the balance between easing inflation and supporting growth, the Swiss franc remained relatively steady. The Swiss National Bank signaled it would maintain positive interest rates amid expectations that inflation may rise slightly in the coming months.

As a result, the USD/CHF pair traded within a narrow range, reflecting investors’ wait-and-see approach. Traders are now looking ahead to fresh economic signals from both Washington and Zurich that could set the tone for currency markets in the weeks ahead.