Dollar Risks Lowered on Cook Ruling
- Category: USD
Analysts say a major headwind to the dollar has eased after the U.S. Supreme Court said that it will not allow President Trump to immediately remove Fed Governor Lisa Cook.
The dollar trades weaker as the U.S. government enters a partial shutdown.
However, USD weakness would likely be short-lived.
The pound to dollar exchange rate (GBP/USD) can rise before coming under pressure again over the coming days as U.S. data risks beating expectations.