The dollar index and dollar index futures rose nearly 0.1% each in Asian trade, steadying after logging mild declines in the past week

Most Asian currencies kept to a tight range on Monday. The yuan showed little reaction to data showing a slight improvement in inflation, while the yen weakened amid growing doubts over an immediate interest rate hike by the Bank of Japan.

Markets grappled with a dearth of major trading cues, while caution over a U.S. interest rate cut in December also kept traders to the sidelines.

The dollar index and dollar index futures rose nearly 0.1% each in Asian trade, steadying after logging mild declines in the past week.

Focus was also on U.S.’ Congress’ efforts to end a long-running government shutdown, which entered its 40th day on Sunday.

A slew of reports said a group of Senate Democrats had agreed to support a Republican bill aimed at funding the government until January 30.

A Senate roll call vote on the bill was still ongoing as of 03:33 GMT.

The shutdown is the longest ever in U.S. history, and disrupted government services across the country. Markets were left fretting over its economic impact, given that the shutdown also delayed the release of several key government readings.

The yuan’s USD/CNY pair steadied at 7.1209 yuan on Monday, showing limited reaction to positive inflation data.

Consumer price index inflation rose past expectations in October, while producer price index inflation dropped at a slower-than-expected rate.

The figure was aided chiefly by robust holiday spending, although analysts were reluctant to frame it as a recovery from China’s long-running deflationary trend.

These gains largely reflect temporary factors, most notably higher gold prices, and don’t suggest to us that China’s deflation problem is going away, Capital Economics analysts wrote in a note.

Broader Asian currencies moved in a flat-to-low range. The yen’s USD/JPY pair gained around 0.4%, amid fading confidence that the BOJ will raise interest rates soon.

The Australian dollar’s AUD/USD pair gained 0.3%, while the Singapore dollar’s USD/SGD pair rose 0.1%.