The US dollar is mixed against mayor pairs on Monday. The safe havens are trending higher with the yen and Swiss franc gaining, joining the club is the euro as investors look to reduce their US dollar exposures as US political uncertainty rises.

The U.S. Federal Reserve is not expected to modify its monetary policy at the end of the 2-day FOMC meeting, but the press conference with Chair Powell will be tracked closely for any insights after several members have openly discussed pausing the path of rising interest rate hikes.

The Fed signalled on Friday that it could slow down the balance sheet reduction program put in place to keep tightening monetary policy adding to the factors putting pressure on the US dollar.

The currency has been sold after President Trump reached a deal to reopen the Federal government. Washington will continue to operate amidst political uncertainty with the discussed agreement only valid until February 15 when a new shutdown could occur if Democrats and the GOP don’t reach a deal on the border wall.