Forex – Aussie Moves Lower, Kiwi Holds Steady after U.S. Deal

Aussie loses ground, kiwi holds steady vs. greenback – The Australian dollar moved lower against its U.S. counterpart on Tuesday, while the New Zealand dollar held steady as the greenback regained some strength following news to temporarily end the U.S. government shutdown was made.

slid 0.41% to 0.7983, the lowest since January 18.

On Monday, the U.S. Senate obtained enough votes to move a stopgap funding bill that would end the 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.

This is the first U.S. government shutdown since 2013. That year, the government was shut down for 16 days.

was little changed at 0.7325, just off a four-month high of 0.7355 hit overnight.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.16% at 90.28 by 02:00 a.m. ET (06:00 GMT), still close to Friday’s three-year low of 89.96.

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