Investing.com - The U.S. dollar turned higher against other major currencies on Friday, after the U.S. Congress managed to pass a two-year budget agreement, ending a brief government shutdown.
The agreement will boost federal spending by almost $300 billion and suspend the debt ceiling for a year.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.16% at 90.33 by 08:00 a.m. ET (12:00 GMT), re-approaching the previous session's two-and-a-half week high of 90.46.
A separate report showed that the UK trade deficit widened to £13.58 billion in December from a revised £12.46 the previous month, while analysts had expected the deficit to narrow to £11.50 billion.
Meanwhile, USD/CAD rose 0.12% to trade at 1.2617 ahead of the release of monthly Canadian employment data due later in the day.
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