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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.
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On Wednesday, the evergreen buck slumped versus the common currency and the UK pound because a dive in American Treasury gains diminished its attractiveness in the face of hopes for dovish news on interest rates from the major US bank…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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