Greenback trades lower with American tax bill still in focus

Greenback trades lower with American tax bill still in focus

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.

Similar

Latest news

Greenback edges down

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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