Greenback is nearly intact as American tax vote eyed

Greenback is nearly intact as American tax vote eyed

On Thursday, the evergreen buck was fluctuating between minor revenues and losses versus a basket of the other crucial currencies because market participants waited for an anticipated vote on the US tax bill a bit later in the day.

Assessing the greenback’s value against a basket of six main currencies, the US dollar index hit 93.76 having dropped to 93.31 on Wednesday, which was its weakest reading since October 26.

The US currency gained some support after Politico informed that House Republicans are quite confident they have the votes to have a huge rewrite of the US tax code passed later on Thursday.

However, worries over the passage of the tax plan were still actual after on Wednesday two Republican lawmakers dared to criticize the bill.

The greenback soared against the Japanese yen, with USD/JPY rallying 0.21% being worth 113.12.

The common currency was intact versus the US currency, with EUR/USD sticking to 1.1788, which is off Wednesday’s one-month maximum of 1.1859.

Similar

Evergreen buck stabilizes versus yen

On Wednesday, the evergreen buck managed to stabilize versus the Japanese yen because the revenue of American Treasuries rebounded from the minimums provoked by worries over the worsening trade relations between China and the United States, although the…

Greenback hits a multi-month high

On Tuesday, the evergreen buck managed to ascend to a maximum of 11 months, while the common currency went down after American leader Donald Trump threatened to put fresh tariffs on the import of China’s goods, driving traders’ worries that a trade…

Evergreen buck jumps

On Monday, the evergreen buck managed to leap versus other key currencies in the face of a divergence of monetary policies of the United States and the European Union…

Popular

Deposit with your local payment systems

Callback

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