Euro Holds Steady Above 1.17 USD Amid US Shutdown

The euro holds its ground above 1.17 USD. Markets await key data and monitor the US government shutdown's impact on the US employment report.

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2025 October 23 . 8:03 AM

1 min read

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Euro Holds Steady Above 1.17 USD Amid US Shutdown

The euro maintained its position above the 1.17 USD mark in early Friday trading, last seen at 1.1719 USD. Market anticipation is low for the upcoming US employment report due to the ongoing US government shutdown.

Throughout the day, traders await PMI data from Spain and Italy, along with August's producer prices from the Eurozone. Yesterday, the euro briefly slipped below the 1.17 USD mark during US trading but swiftly recovered.

The US employment report, a key indicator for the Fed's monetary policy, is set to be published later in the afternoon. However, the Bureau of Labor Statistics (BLS), the agency responsible for releasing these reports, has suspended all publications due to the partial US bank shutdown.

The euro's stability above the 1.17 USD mark will depend on how the market reacts to the delayed US employment report and the Eurozone's PMI data. Traders are closely monitoring the situation as the US bank shutdown continues.