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Shutdown Risk Rises Amid Second Killing in Minneapolis; NYC Winter Storm | Bloomberg Brief 1/26/2026

The dollar extends its selloff as the yen strengthens amid speculation of a coordinated US-Japan intervention. Precious metals miners gain as gold tops $5,000. A US government shutdown risk rises as Republican lawmakers dismiss Democrats' demands to split off funding for the Department of Homeland Security following a second killing of a US citizen during an immigration crackdown in Minneapolis. Travel disruptions linger and power grids brace for unprecedented seasonal demand after the heaviest winter storm in the east coast in years. Sonja Marten of DZ Bank discusses the debasement trade. (Source: Bloomberg)