The US dollar traded weak on Wednesday as the US government shutdown was declared to have begun.
Government funding has ended and approval failed to be achieved in Congress for the implementation of a new budget to continue government operations.
Therefore, operations categorized as less important will be stopped with only critical services continuing to operate.
Also affecting the course of financial markets when the employment data report will be delayed as previously warned by the US Department of Labor.
In the New York session yesterday, ADP data measuring private employment growth surprised the market with a negative figure, a decrease of 31,000 for September indicating weak job growth.
Friday's NFP employment report will not be published with the partial government shutdown expected to continue.
Also published yesterday was the ISM survey data with the US manufacturing PMI reading around the expected level, but still below the 50.0 point level indicating weak sector expansion.
The reading of survey data for the services sector scheduled for this Friday is also likely to be delayed.
Investors will remain cautious in anticipation of volatile market movements following the government shutdown at the opening of October trading.
