The US dollar fell against most major currencies on Tuesday as markets monitored progress toward ending the government shutdown and digested weak employment data that raised concerns about the health of the labor market in the worlds largest economy.

Data released by ADP showed that the US private sector lost an average of 11,250 jobs per week over the four weeks ending October 25.

Federal Reserve member Steven Miran reiterated on Monday his call for further interest rate cuts to help prevent a potential future slowdown.

In an interview with CNBC, Miran maintained his stance that the Fed should move faster than the traditional quarter-point pace, once again calling for a 50-basis-point (half-point) reduction while emphasizing that at minimum there should be a quarter-point cut.

He said, Nothing is certain. We could get data that makes me change my mind between now and the decision date. But absent new information that shifts my outlook, looking ahead, yes, I think 50 basis points is appropriate, but at least 25.

The remarks came as the US Senate made significant progress, with Republicans and Democrats reaching an agreement on a bill to fund the government through January 30 a step paving the way to end the record-long shutdown that began in early October.

As of 19:46 GMT, the US Dollar Index fell 0.2% to 99.4, after hitting a session high of 99.7 and a low of 99.2.

Canadian Dollar

The Canadian dollar rose 0.1% against its US counterpart to 0.7139 by 19:58 GMT.

Australian Dollar

The Australian dollar fell 0.1% against the US dollar to 0.6530 at 19:58 GMT.