The US dollar began to show strengthening in trading on Tuesday after a mixed market opening earlier this week.
Investor concerns have started to trigger demand for the US dollar as a safe-haven while the situation in the United States (US) is still deadlocked in finding a solution to the spending budget agreement.
President Donald Trump has warned of mass layoffs of federal workers if the government shutdown continues.
Market indicators are a bit mixed when the September NFP jobs report, which was supposed to be published last Friday, was postponed.
Attention will be focused on the FOMC meeting minutes report, which will be published early Thursday morning for investors to examine clearer details after the Federal Reserve's (Fed) first interest rate cut decision for the year.
Although the government shutdown situation affected the data release, investors still maintain expectations for further interest rate cuts to be implemented by the Fed at the remaining meetings at the end of 2025.
Based on previous projections, monetary policy easing is likely to continue until next year.
Meanwhile, the Yen currency continued to decline in value until this morning's Asian session, reaching an 8-month low.
The situation was driven by the victory of Sanae Takaichi who will lead Japan's Liberal Democratic Party (LDP) and become the leading candidate to become Japan's first female Prime Minister.
Known as a 'dovish' person, Takaichi's victory has lowered expectations for the Bank of Japan (BO) to raise interest rates at its October meeting.
