Greenback stands still with American tax reform in focus

Greenback stands still with American tax reform in focus

On Tuesday, the evergreen buck stood still versus other key currencies because market participants were still cautious as for progress on the American tax reform front. Additionally, they waited for the publication of American housing sector data a bit later in the day.

Trading volumes were believed to become more thin throughout this trading week prior to the Christmas holiday.

The US currency got support after on Friday Republicans put the finishing strokes on an anticipated tax overhaul bill. They don’t doubt that this week Congress will approve this bill.

Aside from that investors were waiting for reports on American building permits as well as housing starts to be unveiled on Tuesday. It will give them further clues on the strength of the housing market.

Tracking the US dollar’s value against a trade-weighted basket of six main currencies, the US dollar index was nearly intact, sticking to 93.19.

The currency pair EUR/USD soared 0.12% trading at 1.1795. USD/JPY didn’t change, showing an outcome of 112.53.



US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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