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Aussie Moves Lower, Kiwi Holds Steady after U.S. Deal

Aussie loses ground, kiwi holds steady vs. greenback

Investing.com - The Australian dollar moved lower against its U.S. counterpart on Tuesday, while the New Zealand dollar held steady as the greenback regained some strength following news a deal to temporarily end the U.S. government shutdown was made.

AUD/USD slid 0.41% to 0.7983, the lowest since January 18.

On Monday, the U.S. Senate obtained enough votes to move a stopgap funding bill that would end the government shutdown.

The U.S. government shutdown took effect at midnight on Friday after Democrats and Republicans failed to agree on a last-minute deal to fund government operations.

This is the first U.S. government shutdown since 2013. That year, the government was shut down for 16 days.

NZD/USD was little changed at 0.7325, just off a four-month high of 0.7355 hit overnight.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.16% at 90.28 by 02:00 a.m. ET (06:00 GMT), still close to Friday's three-year low of 89.96.

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