Aussie, kiwi gain ground as U.S. dollar mildly retreats
Investing.com – 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.
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.
Latest posts by investing.com (see all)
- Euro, sterling shaky as markets eye Italy budget, Brexit developments - October 22, 2018
- Forex – Weekly Outlook: October 22 – 26 - October 21, 2018
- FX options flag uncertainty before U.S. midterm election; bonds complacent - October 21, 2018