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US Dollar Gains on Strong Data, Shutdown Creates Uncertainty

February 3, 2026, 12:02 PM155 words8 sourcesAI-Generated · Reviewed by editorial team
US Dollar Gains on Strong Data, Shutdown Creates Uncertainty

Photo: Pexels / Nataliya Vaitkevich

The US Dollar is broadly strengthening, driven by robust US economic data, including positive PMI figures and a strong manufacturing expansion. This has pressured pairs like EUR/USD, which fell below 1.1800, and initially boosted USD/JPY, pushing it towards potential intervention levels. However, a partial US government shutdown and resulting budget impasse are introducing uncertainty, temporarily paring some Dollar gains against safe-haven currencies like the Swiss Franc (USD/CHF). Delays in key economic data releases, such as Nonfarm Payrolls, are contributing to this caution. The New Zealand Dollar (NZD/USD) has seen some rebound due to expectations of future interest rate hikes by the RBNZ and positive data from China, but its upside may be limited by potential Dollar recovery. Despite the shutdown, the Dollar remains strong against the Swiss Franc, as indicated by the DXY index. The RBNZ’s hawkish outlook is also supporting the NZD. Technical analysis suggests potential corrections in USD/JPY and further downside for EUR/USD.

Source Articles

This article is based on analysis of 8 source articles from our news database.

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