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On Thursday, the evergreen buck went down versus key currencies because uncertainly over the fate of a key American tax reform bill kept weighing and financial markets were still following Donald Trump’s diplomatic of Asia.
Market participants were still cautious because an American Senate tax-cut bill that greatly differs from one in the House of Representatives, was believed to be revealed a bit later on Thursday.
On Tuesday, the Washington Post informed that Senate Republican leaders were considering delaying the implementation of key corporate tax cuts for the purpose of complying with Senate rules.
Investors are concerned over any probable delays in the implementation of the tax cuts or the likelihood that proposed reforms appear to be less radical than hoped for.
The currency pair EUR/USD gained 0.16% trading at 1.1615, GBP/USD rallied 0.24% being worth 1.3145.
Additionally, USD/JPY tumbled 0.23% hitting 113.64, USD/CHF lost 0.22% showing 0.9978.
On Friday, the greenback rallied because traders shifted their focus to the highly-anticipated Federal Reserve rate lift already next week, notwithstanding uncertainty over next year’s rate lifts kept gains in check…
On Friday, Bitcoin along with other key crypto assets declined in Asia…
On Thursday, the American dollar managed to surge…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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