Forex – Aussie, Kiwi Move Higher as Greenback Rally Pauses

Aussie, kiwi gain ground as U.S. dollar mildly retreats – The Australian and New Zealand dollars moved higher against their U.S. counterpart on Monday, as markets took a breather after sending the greenback to a three-week high against a basket of other major currencies.

added 0.19% to 0.7830, off Friday’s two-month low of 0.7759.

The greenback had broadly strengthened after the U.S. Congress early Friday morning, ending a brief government shutdown.

The agreement is set to boost federal spending by almost $300 billion and suspend the debt ceiling for a year.

Government activities were temporarily shut down when a midnight deadline to pass the U.S. budget deal was missed on Thursday due to a prolonged speech by Senator Rand Paul, who said the bill would “loot the Treasury.”

was up 0.12% at 0.7267.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.22% at 90.02 by 02:00 a.m. ET (06:00 GMT), after climbing to a three-week high of 90.45 on Friday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.