Dollar pares losses on news of deal to end U.S. government shutdown

January 22, 2018

NEW YORK (Reuters) – The dollar pared losses against a basket of currencies on Monday, after news that Republican leaders in the U.S. Senate had rounded up enough votes to move a stopgap funding bill that would end a government shutdown.

The U.S. government shutdown took effect at midnight on Friday after Democrats and Republicans failed to agree on a last-minute deal to fund government operations.

On Monday, Democratic Senate leader Chuck Schumer said the government would reopen in a “few hours.”

The dollar index < .DXY>, which tracks the greenback against six major currencies, was down 0.04 percent to 90.538, after falling as low as 90.155 earlier in the session.

The greenback jumped to a four-day high of 111.22 yen against the Japanese currency.

(Reporting by Saqib Iqbal AhmedEditing by Chizu Nomiyama)

Powered by WPeMatico

Bookmark the permalink.

Comments are closed