US Democrat and Republicans closing in on a deal to avert a shut down – Bloomberg

Bloomberg reported on Tuesday, “Senate Republican And Democrat negotiators are nearing a deal on a short-term spending measure intended to keep the government open after October 1.”

No further details are provided about the same, as yet.

Market reaction

The US Dollar is flirting with ten-month highs just above 106.00, underpinned by the hawkish Fed outlook on interest rates.