US Government Delays Shutdown – USD Still Not 'Reverse'?

<p>&nbsp;All eyes will be focused on the latest developments in the US labor market, which will be among the indicators of the health of the US economy. Markets await the announcement of several key reports, including the August JOLTS employment data, the ADP National Employment Report, and the long-awaited nonfarm payrolls (NFP) report for September. This release will provide a comprehensive overview of job trends, job vacancies and wage growth in the United States.</p><p><br /></p><p>Meanwhile, one of the things that stole the show was the decision of the US Congress which has taken decisive action to avoid a 'Government Shutdown', ensuring the continuity of important functions of the government. Lawmakers, in a last-minute effort, reached an agreement that would fund the government until mid-November. However, this approval did not include a multi-billion dollar spending bill for Ukraine's war aid.</p><p><br /></p><p>The Senate voted by an 88-9 majority to approve the deal, following a 335-91 House vote earlier on Saturday. The swift action of these two parties ensures that hundreds of thousands of government workers will not be laid off, and that essential government operations will continue without interruption.</p><p><br /></p><p>This event marked a significant relief for Washington, because only a day before, the risk of a government shutdown seemed imminent. The agreed-upon approval maintains current funding for government operations, and it delays the government shutdown until mid-November.</p><p><br /></p><p>US Economic Data This Week</p><p><br /></p><p>Monday, October 2</p><p><br /></p><p>S&amp;P Global Manufacturing PMI – Final Reading (September)</p><p>ISM Manufacturing PMI (September)</p><p>Construction Spending (August)</p><p>Tuesday, October 3rd</p><p><br /></p><p><br /></p><p>Job Openings and Labor Turnover Survey (JOLTS) (August)</p><p>IBD/TIPP Economic Optimism Index (October)</p><p>LMI Logistics Managers' Index (September)</p><p>Wednesday, October 4</p><p><br /></p><p>ADP National Employment Report (September)</p><p>S&amp;P Global Services PMI – Final Reading (September)</p><p>S&amp;P Global Composite PMI – Final Reading (September)</p><p>ISM Services PMI (September)</p><p>Factory Orders (August)</p><p>Thursday, October 5</p><p><br /></p><p>Challenger, Gray &amp; Christmas Job Cuts (September)</p><p>U.S. Trade Balance (August)</p><p>Friday, October 6</p><p><br /></p><p>U.S. Nonfarm Payrolls – NFP (September)</p><p>Consumer Credit Report (August)</p>