Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". It weakened the EUR
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.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…