US Dollar clings to modest recovery gains, nearing mid-90.00s

The US Senate voted to end the government shutdown and eased some of the strong US Dollar bearish pressure. 

The greenback gained some positive traction on Tuesday and the move came after the US Senators struck a deal to keep the government funded through Feb. 8. 

The USD Index, which measures the greenback's performance against a basket of currencies once again managed to defend the 90.00 handle and rebounded to the 90.35-40 region during the early European session. 

The recovery move was further supported by an offered tone surrounding the Japanese Yen, which fell after the BOJ Governor Haruhiko Kuroda smashed speculations that the central bank might scale back its monetary stimulus program. 

Despite a modest rebound, unaffected by weaker US Treasury bond yields, the buck remained near a three-year low amid expectations of stimulus withdrawal from other major central banks, including the ECB, which is due to announce its monetary policy decision on Thursday.