The American currency has reversed and rebounded vs the majors after some weakening seen earlier this day according to news reports. The currency improvement is related to successful agreement on 2-year budget bill achieved by Congress on Friday. As a result, the government became able to back to its office.
Under the agreement, the federal spending is said to increase by some $300 billion.
The US Dollar index reached 90.33, coming closer to the recent peak of 90.46.
The European currency showed stable positions vs the greenback at 1.2242, while the sterling dropped to 1.3793.
According to the UK manufacturing production rates announced today, the country expectedly posted a 0.3% upturn in December; industrial production decreased 1.3% (forecast – 0.9%). the UK trade deficit rose to GBP 13.58 billion over the period under review (GBP 11.50 billion).
Some changes took place in the USD-JPY and USD-CHF pairs standing at 108.75 and 0.9365 respectively.
The Australian remained almost unmoved – AUD-USD rate was seen at 0.7786. At the same time, its New Zealand counterpart posted some gains to 0.7227.
USD-CAD changed hands at 1.2617.