The US dollar traded weak at the opening of the week, but the momentum of depreciation from last week began to fade.
Investors were watching developments in the United States (US) as there were signs that the government shutdown was nearing an end.
The agreement reached in the Senate includes government funding until January before a larger package is implemented to fully reopen the government involving key agencies.
The situation that will end the longest shutdown in the country's history is starting to give investors renewed confidence.
US House of Representatives Speaker Mike John announced that if the Senate acts quickly, the approved bill will immediately be sent to President Donald Trump for signature.
The US dollar will benefit from this situation while other safe-haven currencies will lose their appeal again.
If the yen currency continues to fall in value, it will record a new 9-month low against the US dollar.
Japan's Economy Minister stated that the depreciation of the yen will push up prices and also affect the increase in the cost of importing goods in Japan.
The focus of the market today (Tuesday) is on the movement of the Pound currency awaiting the release of the UK employment report in the European session.
The figures for benefit claims for those who are out of work and the unemployment rate will provide a picture of the health of the UK labor market for the past few months.
Meanwhile, trading in the New York session is expected to be slow due to the Veterans Day celebration in America today.
