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Forex - Dollar Holds Onto Modest Gains Vs. Rivals

Published 23/01/2018, 10:16
© Reuters.  Dollar slightly higher after U.S. shutdown ends
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Investing.com - The U.S. dollar held onto modest gains against other major currencies on Tuesday, supported by news a deal to temporarily end the U.S. government shutdown was made.

The greenback regained some ground after Congress approved a measure on Monday to fund the government for around three weeks and President Donald Trump signed the bill, ending the three-day government shutdown.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.09% at 90.23 by 05:15 a.m. ET (09:15 GMT), still close to Friday's three-year low of 89.96.

The euro and the pound were lower, with EUR/USD down 0.10% at 1.2250 and with GBP/USD shedding 0.24% to 1.3951.

The yen was higher, with USD/JPY down 0.22% at 110.67, while USD/CHF held steady at 0.9622.

Earlier Tuesday Bank of Japan Governor Haruhiko Kuroda said there is still some distance to reach the banks 2% inflation target and there is no debate over the timing of an exit from its loose monetary policy.

Elsewhere, the Australian dollar was weaker, with AUD/USD down 0.55% at 0.7972, while NZD/USD was almost unchanged at 0.7329.

Meanwhile, USD/CAD gained 0.27% to trade at 1.2479.

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