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On Thursday, the Australian along with New Zealand dollars edged up versus their American counterpart because market sentiment on the US dollar remained fragile after Donald Trump provided no specific details on his tax reform, thus disappointing traders.
The currency pair AUD/USD gained 0.19%, being worth 0.7488, easing off a three-month minimum of 0.7452 reached on Wednesday.
Market participants obtained no extra information on the highly-anticipated American tax reform on Wednesday because Donald Trump repeated that the income tax rate paid by public corporations is going to be reduced to 15% from 35%.
Aside from Trump confirmed plans to diminish the top tax rate assessed on pass-through businesses, such as small partnerships as well as sole proprietorships, from 39.6% to 15%.
The currency pair NZD/USD managed to gain 0.38%, trading at 0.6915, off the previous session’s four-month minimum of 0.6868.
On Tuesday, the evergreen buck traded below the five-month maximum, taking a breather after the soar underpinned by soaring yields on US government bonds as well as easing tensions in US-China trade relations…
On Monday, the greenback kept soaring against the euro, yen as well as many other currencies amid the easing of fears of a trade conflict between China and the United States and a soar in the yield of US Treasuries…
On Friday, the US dollar slumped against the common currency during Asia trade after a moderate soar the day before…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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