Greenback clings to revenues after Trump tax plan disappointment

Greenback clings to revenues after Trump tax plan disappointment

On Thursday, the evergreen buck clung to revenues versus the Japanese yen after Donald Trump's tax plan provided no fresh surprises, thus halting the greenback's soar, while the market waited for the ECB’s upcoming monetary policy verdict.

The Canadian dollar along with Mexican peso also lost steam on data that America’s actually considering withdrawing from the North American Free Trade Agreement.

The dollar index against a bunch of main currencies stood still, keeping to 98.931, having surged to 99.332 overnight.

The evergreen buck surged 0.15%, hitting 111.220 yen.

The major American currency had soared to a four-week peak of 111.780 yen overnight before the disclosing of Trump's tax reform plan, though it lost traction because it didn’t manage to excite market participants.

The common currency ascended 0.1%, trading at $1.0911. 

By the way, the Mexican peso slid to a more than one-month minimum of 19.29 pesos per greenback overnight.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

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Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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