Daily Morning Report 12.02.2018

The Australian and New Zealand dollars moved higher against their U.S. counterpart on Monday, as markets took a breather after sending the greenback to a three-week high against a basket of other major currencies.

AUDUSD added 0.19% to 0.7830, off Friday’s two-month low of 0.7759.

The greenback had broadly strengthened after the U.S. Congress passed a two-year budget agreement early Friday morning, ending a brief government shutdown.

The agreement is set to boost federal spending by almost $300 billion and suspend the debt ceiling for a year.

Government activities were temporarily shut down when a midnight deadline to pass the U.S. budget deal was missed on Thursday due to a prolonged speech by Senator Rand Paul, who said the bill would “loot the Treasury.”

Meanwhile, kiwi was up 0.12%, with NZDUSD at 0.7267.