The US dollar has posted some gains vs the majors today since the US government has finally backed to the office.
At the Monday voting the US Congress approved the provisional funding of the government till February 8, while today the US President Donald Trump has signed the bill putting a period to the government shutdown.
After some upturn during the Asian session earlier today, Japanese yen has decreased again enabling the US dollar to offset a decline. The Japanese currency weakened on the statement by the head of the Bank of Japan about the need for maintaining soft monetary policy given the target 2% inflation yet to be achieved. As a result, the US dollar-to-yen exchange rate improved reaching the session top at 111.16 and then slipped to some 111.02.
The US Dollar index added 0.16% coming to 90.28. For reference, the 3-year bottom was detected at 89.96 at the end of last week.
The European currency rolled back vs the greenback – EUR-USD dropped 0.13% to 1.2247 (3-year high was recorded at 1.2323). The euro keeps enjoying good demand on the upcoming meeting of the European Central Bank this week.
The sterling-to-US dollar exchange rate decreased by 0.21% to 1.3955. Australian dollar and New Zealand dollar to US currency decreased to 0.7960 (0.67%) and 0.7309 (0.25%) respectively.