Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback goes down on tax jitters
On Friday, the evergreen buck modestly dived versus other key currencies, as everlasting uncertainty over the fate of a key American tax reform plan as well as worries over an investigation into Trump's presidential campaign put pressure.
On Thursday, the US House of Representatives officially approved a broad package of tax cuts.
The currency pair EUR/USD managed to grow 0.21% being worth 1.1795, GBP/USD rallied 0.42% trading at 1.3249.
Additionally, on Friday, ECB Governor Mario Draghi told that the major bank should be patient enough when normalizing monetary policy.
He added that the ECB's bond purchasing program could be extended beyond September 2018 if required.
The currency pair USD/JPY went down 0.44% trading at 112.55, USD/CHF declined 0.26% being worth 0.9914.
The Australian as well as New Zealand dollars headed south, with AUD/USD dipping 0.45%to 0.7554 and NZD/USD diving 0.79% to 0.6794.
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