British pound and euro dive after the release of weak economic reports
On Wednesday, the euro and British pound approached their five month-lows after the disappointing economic reports…
Greenback is nearly intact on waning US tax reform optimism
On Wednesday, the evergreen buck stood still versus other crucial currencies because optimism as for a key American tax reform bill started subsiding.
Trading volumes were believed to become thinner throughout the trading week, prior to the Christmas holiday.
The US currency demonstrated minor reaction after on Tuesday the House of Representatives passed the biggest American tax overhaul for 30 years.
Because of procedural glitches on Wednesday another vote will take place, although it’s still supposed to be a step closer to the implementation of a key American tax overhaul.
Estimating the greenback’s value versus a basket of six crucial currencies, the US dollar index stood still, sticking to 93.09.
The common currency and the British pound didn’t change, with EUR/USD being worth 1.1833 and with GBP/USD showing an outcome of 1.3389.
The Japanese yen tumbled, with USD/JPY rising 0.12% to 113.02.
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