US dollar still looking soggy in Asia, DXY...>

DOLLAR: US dollar still looking soggy in Asia, DXY last down 0.027 at 90.472

despite a rise in US yields to the highest levels since December 2016 at 2.633%.

- The weak dollar has seen USD/CNY drop below the 6.40 handle, last trading down

0.0222 at 6.3977, midpoint set at 6.4169.

- USD/JPY last down 17 pips at 110.93 moving in a range between 111.13/110.85.

News that the House passes the tempoary funding bill and it will now be sent to

the Senate did little to boost the USD. Democrats in the Senate claim to have

votes that would block a funding extension to Feb 16, seeking to force the GOP's

hand on immigration reform. Senate majority leader Mitch McConnell intimated

earlier in the day that he was planning for a potential shutdown. McConnell has

previously made is clear that he does not support attaching immigration

legislation to the spending bill. To get past any filibuster attempt the

legislation needs 60 votes in the Senate, meaning it would need support from 13

Democrats and 4 GOP Senators have already voiced opposition.