Greenback is at 2-1/2 week maximums

Greenback is at 2-1/2 week maximums

On Friday, the US currency was hovering over a two-and-a-half week maximums versus other key currencies, amid mounting optimism as for a crucial US tax reform plan. Additionally, the greenback was underpinned by the fact traders closely watched the publication of major American employment data a bit later in the day.

The US dollar was driven after on Thursday the US approved legislation to temporarily fund the American government through December 22, prior to a Friday midnight deadline. It powered expectations that the highly-anticipated American tax reform is going to be passed before the end of 2017.

Republicans welcomed negotiations with the House of Representatives on a key tax reform bill, indicating that lawmakers could come to a compromise on a final bill prior to a self-imposed December 22 deadline.

The common currency dived, with EUR/USD losing 0.20% showing 1.1749, which is the lowest reading since November 23.

GBP/USD stood still sticking to 1.3474. USD/JPY rose 0.34% hitting 113.47.


USD/CAD dives notwithstanding dismal Canadian data

On Monday, the greenback dived versus its Canadian rival notwithstanding the publication of dismal Canadian data because the American government shutdown kept dampening demand for the US currency…

Aussie dives, Kiwi stands still in late trade

On Monday, the Australian dollar sank versus its American rival, while the New Zealand dollar was intact because market participants were still digesting the American government shutdown…


Greenback descends versus yen

On Thursday, the evergreen buck was just a touch lower versus the Japanese yen after reaching an eight-week peak overnight…

Gold is at 5-month minimums on stronger greenback

On Friday, gold dived to five-month minimums because optimism as for the US tax reform overhaul kept underpinning demand for the US dollar ahead of the highly-anticipated American nonfarm payrolls report to be released a bit later in the day…

Gold descends on profit-taking in Asia

On Monday, gold sank on profit-taking in Asia because market participants are closely watching the evergreen buck for potential further dives closely connected with a more gentle than anticipated rate lift path by the key US bank in 2018 after gloomy…

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