Forecasting the upcoming week: US Dollar holds firm as shutdown ends, NFP, CPI ahead

The U.S. economy is in focus as President Trump nominated Kevin Warsh as the next Fed Chair, impacting market sentiments. The dollar remains stable amidst these developments. Key upcoming events include the non-farm payroll (NFP) and consumer price index (CPI) releases, which are crucial indicators of the economic recovery. With ongoing inflation pressures, how these stats influence Fed monetary policy is under scrutiny. The partial government shutdown's effect on employment will also be considered. Positive outcomes from these reports could bolster the dollar, while negative results may lead to cautious sentiment among investors. Currently, the market maintains a neutral stance, anticipating clearer guidance from impending economic indicators.