BlockBeats News, November 10th, TD Securities’ Asia-Pacific Senior Rates Strategist Prashant Newnaha stated that we expect the next step to be a vote in the U.S. House of Representatives on Wednesday (on the stopgap funding bill), and the U.S. government is expected to reopen this Friday.
The U.S. government shutdown has undoubtedly had a negative impact on the economy, but the market is likely anticipating a rapid rebound in the economy after the shutdown ends. In addition to short-term bullish sentiment, the direct market impact of the end of the U.S. shutdown is expected to be limited after the early part of next week. (FX Street)
