Great Britain will release the level of CPI on May 22, at 11:30 MT time.
Greenback dives, but staying backed by US tax expectations
On Monday, the evergreen buck declined versus other key currencies, although remained backed by expectations that a key American tax overhaul will be approved before the Christmas holiday.
The US currency was underpinned after on Friday Republicans put the final strokes on a sweeping tax overhaul bill.
They don’t doubt that this week Congress will have the tax bill approved.
Evaluating the greenback’s strength versus a basket of six crucial currencies, the US dollar index headed south 0.09% being worth 93.38.
The currency pair EUR/USD rallied 0.13% trading at 1.1763, GBP/USD gained 0.16% being worth 1.3344.
The common currency gained support after on Friday Germany's Social Democrats decided to start coalition negotiations with Chancellor Angela Merkel, thus giving a chance to end Germany’s political deadlock.
The currency pair USD/JPY managed to grow 0.10% hitting 112.71.
AUD/USD continues to move within the downward channel.
On Wednesday, the evergreen buck jumped, backed by comments from senior Fed officials playing down the probability of interest rate cuts, and also by a fresh round of safe-haven buying on geopolitical tensions…
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