Dollar regains footing after US govt shutdown, higher yields support
The dollar regained some footing on Monday after slipping earlier on a US government shutdown, supported by higher Treasury yields, while investors took a relatively calm view of the Washington wrangling.
Tokyo | Published: January 22, 2018 1:19 pm
The dollar’s index against a basket of six other major currencies initially dipped to hit 90.155 but was last up 0.1 percent at 90.665, managing to hold above the three-year trough of 90.113 set on Thursday.
The dollar regained some footing on Monday after slipping earlier on a US government shutdown, supported by higher Treasury yields, while investors took a relatively calm view of the Washington wrangling.
The US government shutdown took effect at midnight on Friday after Democrats and Republicans, locked in a bitter dispute over immigration and border security, failed to agree on a last-minute deal to fund government operations.
In order to break the impasse, Republican and Democratic leaders of the US Senate held talks on Sunday.
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