Greenback stands still with American tax overhaul in focus

Greenback stands still with American tax overhaul in focus

On Wednesday, the evergreen buck didn’t change versus other key rivals amid fresh worries over an approaching US tax overhaul.

The US currency was affected by reports that a major corporate tax cut currently under discussion in American tax reforms plans could be postponed for a year.

On Tuesday, the Washington Post informed that Senate Republican leaders are actually considering postponing the implementation of the key corporate tax cut for the purpose of complying with Senate rules.

The greenback had been backed during the recent trading session by expectations that the US administration's tax cuts could spur the American economy.

The US dollar index, traditionally assessing the greenback’s value against a basket of six crucial currencies, didn’t change sticking to 94.77.

The currency pair USD/JPY slid 0.16% trading at 113.82, drifting away from Monday's eight-month maximum of 114.73.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

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.


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