The dollar index is down by -0.13% due to concerns about a government shutdown. Fed Vice Chair Philip Jefferson warned of stagflation risks, softening labor market, and increasing inflation pressures. US consumer confidence index fell to a 5-month low, but Aug JOLTS job openings rose more than expected.

US home prices rose +1.82% y/y, the slowest increase in two years. Sep MNI Chicago PMI fell unexpectedly to 40.6, below expectations. Aug JOLTS job openings rose to 7.227 million, beating expectations. Sep consumer confidence index dropped to 94.2, weaker than expected.

EUR/USD is up by +0.11% as the euro gains against a weaker dollar. German Sep CPI rose more than expected, supporting the euro. German retail sales and unemployment data were weaker than expected. ECB is seen as done with rate cuts, while the Fed is expected to cut rates further.

USD/JPY is down by -0.48% as a weaker dollar supports the yen. BOJ’s shrinking bond purchases signal tighter monetary policy. Japan’s industrial production and retail sales fell more than expected. Lower T-note yields also support the yen.

Precious metal prices are mixed, with gold up and silver down. Precious metals benefit from a weaker dollar, lower T-note yields, and safe-haven demand. Geopolitical risks, Fed rate cuts, and Trump’s actions boost gold demand. BOJ’s bond purchase cut and weak economic data pressure silver prices.

Gold ETF holdings hit a 3-year high, while silver ETF holdings also rose. Fund buying of precious metal ETFs continues to support precious metal prices.

Read more at Yahoo Finance: Dollar Slips on Likelihood of a US Government Shutdown