Dollar lower as end to U.S. government shutdown draws nearer

A recent Bank of America survey indicates that investors expect the euro to end 2026 within a range of $1.10 to $1.20, compared to its current value of $1.1587. This sentiment reflects a cautious outlook among investors regarding significant fluctuations in the euro-dollar exchange rate.

U.S. stock futures indicated that Monday’s selloff is set to continue, reflecting a negative sentiment in the markets. The dollar, gold, and bitcoin also experienced declines, alongside Treasury yields, as investors sought safety amid economic uncertainties. This downturn follows a period of optimism regarding U.S.-China trade talks, which had previously buoyed market sentiment.

The dollar remains steady as investors await the release of a backlog of US economic data. This situation reflects the market's anticipation of how this data may influence future monetary policy and economic forecasts. Investors are closely monitoring these developments to gauge potential impacts on the dollar's value and overall market stability.

United Airlines has announced a significant number of flight cancellations for spring 2026 due to the ongoing U.S. government shutdown, which has resulted in staffing shortages among TSA agents and air traffic controllers. Many employees have been forced to work without pay, leading to operational disruptions across the airline industry. This situation has compelled airlines to reduce their flight schedules substantially, impacting travelers and the overall air travel experience.

Experts indicate that air traffic controllers are returning to work swiftly following the reopening of the US federal government, alleviating concerns about prolonged disruptions to flight schedules. The Department of Transportation has confirmed that Thanksgiving air traffic is expected to be normal, with controllers receiving full back pay and a $10,000 bonus. This development is crucial as it ensures a smooth travel experience during the busy holiday season, which is vital for both travelers and the aviation industry.