Greenback is nearly intact on waning US tax reform optimism

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.

 

Similar

Will the CPI Crash the USD?
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!

Latest news

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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