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The dollar is rebounding after losses following the closure of the US government

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rocky
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The dollar is rebounding after losses following the closure of the US government

Post by rocky on Mon 22 Jan 2018, 3:13 am

 The dollar is rebounding after losses following the closure of the US government














The US dollar rose on Monday after losses after US government activity halted as it gained support from Treasury yields as investors quietly watched the ongoing political debate.
WASHINGTON (Reuters) - The US government began a deadlock on Friday night after Democrats and Republicans failed to reach an agreement to fund activities because of the bitter row over immigration and border security.
The dollar index, which measures the strength of the currency against a basket of six major currencies, fell to 90.155, but rose 0.1 percent to 90.665, to settle above a three-month low of 90,113 on Thursday.
The dollar offset early losses and little changed against the Japanese currency at 110.860 yen, but remains slightly away from the four-month low of 110.190 yen, the level hit on Wednesday.
There was little change in the Australian dollar at $ 0.7989 and New Zealand at $ 0.7277.
Sterling fell 0.3 percent to $ 1.3862 after disappointing retail sales on Friday, away from a year-and-a-half high of $ 1.3942 on Wednesday.




    Current date/time is Tue 16 Oct 2018, 4:16 pm