Greenback dives with tax reform bill eyed

Greenback dives with tax reform bill eyed

On Friday, the evergreen buck went down versus other key currencies because traders were still awaiting upbeat news on a highly-anticipated American tax reform bill.

Market sentiment on the US currency was still fragile after on Thursday the US Senate postponed a vote on the tax reform bill until Friday because a major element of the bill still required to be negotiated.

Assessing the greenback’s actual value versus a basket of six main currencies, the US dollar index was intact sticking to 92.92.

The currency pair EUR/USD rallied 0.10% being worth 1.1915, GBP/USD relieved 0.08% hitting 1.3518m, which is off a two-month maximum of 1.3550 reached overnight.

The euro was underpinned by expectations of progress in Germany after Angela Merkel's party held negotiations late on Thursday with centre-left Social Democrats to assist in the formation of a government coalition.

Additionally, hopes for an upbeat outcome to everlasting Brexit talks kept lending broad support to the British pound.


Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera