Investing.com - The U.S. dollar remained lower against other major currencies on Friday, as investors were still cautious after the U.S. Senate approved a bill to end a government shutdown and amid ongoing turmoil in equity markets.
The midnight deadline to pass the budget deal was missed on Thursday due to a prolonged speech by Senator Rand Paul, who objected to $300 billion in deficit spending in the bill saying that it would “loot the Treasury.”
Early Friday, the Senate finally passed a short-term budget bill, ending the brief government shutdown initialed overnight. Senators voted 71-28 to approve the deal. It will now be submitted to the House of Representatives.
The greenback's losses were capped by continuously high U.S. bond yields. The yield on benchmark 10-year Treasury notes was still hovering near four-year highs on Friday.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 90.13 by 05:15 a.m. ET (09:15 GMT), off the previous session's two-and-a-half week high of 90.46.
A separate report showed that the UK trade deficit widened to £13.58 billion in December from a revised £12.46 the previous month, while analysts had expected the deficit to narrow to £11.50 billion.
Meanwhile, USD/CAD slipped 0.10% to trade at 1.2591 ahead of the release of monthly Canadian employment data due later in the day.
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