The dollar held steady neat two-and-a-half week lows against other majors currencies on Thursday, as optimism surrounding U.S. tax reform plans continued to wind down ahead of the Christmas holiday.
The greenback showed little reaction after the House of Representatives gave final approval on Wednesday to the biggest U.S. tax overhaul in 30 years, marking a major political victory for President Donald Trump.
Market participants were also cautious ahead a final U.S. third-quarter economic growth report due later in the day, as well as data on manufacturing activity and jobless claims.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.09 by 02:10 a.m. ET (06:10 GMT).
The euro and the pound were steady, with EUR/USD at 1.1871 and with GBP/USD at 1.3365.
The yen was little changed, with USD/JPY at 113.43, while USD/CHF edged down 0.12% to trade at 0.9857.
In a widely expected move, the Bank of Japan left its monetary policy unchanged on Thursday.
The central bank also underlined the fact that as inflation is still far from the 2% target despite a growing economy.
Elsewhere, the Australian dollar was steady, with AUD/USD at 0.7665, while NZD/USDslipped 0.11% to 0.7006.
Earlier Thursday, Statistics New Zealand reported that the country’s expanded by 0.6% in the third quarter, beating expectations for 0.5%. Year-over-year, New Zealand’s economy grew 2.7% in the last quarter, compared to expectations for a growth rate of 2.3%.
Meanwhile, USD/CAD was almost unchanged at 1.2826.
