Mubasher: The US dollar remained steady on Monday, approaching its lowest levels since 2015, as investors look for any developments in the current US shutdown.

The government shutdown is set to be extended for the third day after senators failed to reach an agreement regarding the public funding and spending bill.

Lawmakers, who held talks on Sunday in search of a compromise, are scheduled to vote on temporary government funding until 8 February later in the day.

The reason the shutdown did not significantly affect the US dollar was that investors have come to realise that previous shutdowns did not have a major impact on the US economy or markets, commented chief strategist at ACLS Global Marshall Gittler in a note to investors on Monday.

Globally, investors are keeping an eye on announcements and updates released by central banks, as both the Bank of Japan (BOJ) and the European Central Bank (ECB) are due to hold their monetary policy meetings during this week.

By 10:01 am GMT, the EUR/USD pair rose 0.25% to $1.2252, while the US dollar index, which measures the dollar versus six major currencies, fell by 0.11% to 90.474.