The government shutdown puts pressure on the dollar, indicators show that the dollar faces further downside risks

ChainCatcher news, according to Jinshi reports, as the U.S. government enters a shutdown for the first time in nearly seven years, the dollar is experiencing its longest consecutive decline in a month. The risk reversal indicator in the options market shows that the dollar faces further downside risks in the coming month.

Jefferies Chief European Strategist Mohit Kumar stated that he expects the dollar's weakness to persist, noting that the foreign exchange market is one they "do not expect to reverse the current trend." Reports indicate that the duration of the government shutdown will be a key factor; the longer the shutdown lasts, the greater the pressure on the dollar.