Reuters: Dollar retreats, consolidates earlier gains, amid US govt shutdown risk

"Traders are largely ignoring the risk of a government shutdown, and are instead fading last week's dollar rally in anticipation of some softer labor market data releases in the days ahead," said Karl Schamotta, chief market strategist, at Corpay in Toronto. "Yields are ratcheting lower off last week's highs, and bets on Fed easing are coming back a bit on the margins. This is supporting broader risk appetite and contributing to outperformance in the high-beta currencies against the dollar."

Reuters: Dollar retreats, consolidates earlier gains, amid US govt shutdown risk