Forex – Dollar Turns Higher as U.S. Shutdown Ends

© Reuters. Dollar regains some ground as U.S. political woes end – The U.S. dollar turned higher against other major currencies on Friday, after the U.S. Congress , ending a brief government shutdown.

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

The , 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.

The euro was steady, with at 1.2242, while declined 0.86% to 1.3793.

Earlier Friday, data showed that UK manufacturing production rose in December, in line with expectations, while industrial production dropped , disappointing expectations for a 0.9% fall.

A separate report showed that the UK trade deficit widened to in December from a revised £12.46 the previous month, while analysts had expected the deficit to narrow to £11.50 billion.

The yen and the Swiss franc were little changed, with at 108.75 and with at 0.9365.

Elsewhere, the Australian dollar was almost unchanged, with at 0.7786, while added 0.15% to 0.7227.

Meanwhile, 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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