The dollar index gained 0.2% to 99.740, snapping a three-day losing streak

The U.S. dollar held firm in early Asian trading on Monday as a string of weak economic data revived global growth concerns, though signs that U.S. Congress may be edging closer to a deal that could reopen the government blunted its safety bid.

The dollar index gained 0.2% to 99.740, snapping a three-day losing streak, as the yen and the euro lost ground.

Bipartisan talks in the U.S. Senate to end the federal shutdown appear to have taken a positive turn, Senate Majority Leader John Thune said, while the Senate moved toward a vote later on Sunday on reopening the federal government with funding measures through January.

This is just in the nick of time, said Tony Sycamore, market analyst at IG in Sydney. The retreat we saw in the U.S. dollar into the end of last week probably continues now.

On Friday, the University of Michigan’s consumer sentiment index dropped to its lowest level in nearly 3-1/2 years in early November, close to its all-time low, as the U.S. government shutdown stretched into the longest in history.

The consumer confidence data was a shocker and pretty clear evidence that the shutdown was affecting households, so this does alleviate the damage that’s been done, Sycamore added, referring to the prospect of an end to the shutdown.

Against the yen, the dollar fetched 153.82 yen, up 0.3% from late U.S. levels, following comments from Japanese Prime Minister Sanae Takaichi late last week that her government will ditch the current annual fiscal target in favour of one that measures spending through several years, watering down the country’s commitment to fiscal consolidation.