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On Monday, the Australian and New Zealand dollars stood still versus their American rival because the greenback mildly revived notwithstanding everlasting uncertainty over the fate of a key US tax overhaul.
The currency pair AUD/USD was intact sticking to 0.7664.
On Thursday, Senate Republicans disclosed a tax plan that greatly differed from the one offered by House Republicans, showing the challenges to reconciling the major differences between the two plans with a short time period before the year-end deadline they’ve already set to pass it.
Expectations of tax reform have helped to spur the greenback since mid-September. Some market participants are assured that tax reforms could back surge, adding pressure on the Fed to lift interest rates, dubbed the "Trumpflation" trade.
The currency pair NZD/USD didn’t change showing 0.6935.
Meanwhile, the US dollar index, tracking the greenback’s value versus a basket of six crucial currencies, gained 0.15% being worth 94.44.
On Wednesday, the UK currency managed to strengthen after a dive overnight when the British main legislative body overwhelmingly voted down the country’s Prime Minister Theresa May's Brexit agreement, thus contributing to uncertainties surrounding Great…
On Tuesday, the evergreen buck went up, while the common currency dived as data disclosed that the German economy speeded down last year and market participants were waiting for the outcomes on the parliamentary vote on Britain’s withdrawal from the…
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On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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