The dollar slipped lower against other majors currencies on Monday, but remained supported by hopes a major U.S. tax overhaul will be passed before the Christmas holiday. The greenback was lifted after Republicans on Friday put the finishing touches on a sweeping tax overhaul bill. They are confident Congress will now pass the tax bill […]
The dollar slipped lower against other major currencies on Friday, amid fresh concerns over U.S. tax reform plans and as the Federal Reserve’s most recent policy statement continued to weigh. The greenback came under pressure after two U.S. Republican senators on Thursday sought changes to the proposed U.S. tax reform bill. The bill needs a […]
The dollar held steady against other major currencies on Thursday, as markets were still digesting the Federal Reserve’s latest policy statement, while looking ahead to a string of U.S. economic reports due later in the day. In a widely expected move, the Fed raised interest rates by 0.25 basis points to 1.50% at the conclusion of its […]
The dollar was steady against a basket of the other major currencies on Wednesday ahead of a widely expected rate hike from the Federal Reserve later in the day. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 94.04 by 03:50 AM ET (08:50 AM GMT), after dipping […]
The dollar dipped against a basket of the other major currencies on Tuesday as investors awaited this week’s Federal Reserve meeting, while the New Zealand dollar hit one-month highs after the appointment of a new central bank head. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, edged […]
The dollar remained supported at two-and-a-half week highs against other major currencies on Friday, amid mouting optimism over a major U.S. tax reform plan and as investors eyed the release of key U.S. employment data due later in the day. The greenback was boosted after the U.S. Congress on Thursday passed legislation to temporarily fund the […]
The dollar held onto gains against other major counterparts on Thursday, as investors continued to focus on U.S. tax reform discussions amid hopes the bill will be passed before Christmas. The greenback found supported after U.S. Senate Republicans agreed to talks with the House of Representatives on a major tax reform bill on Wednesday, signaling […]
The dollar held onto modest gains against other major counterparts on Tuesday, as the approval of a major tax reform plan by the U.S. Senate continued to support demand for the greenback. The greenback strengthened after the U.S. Senate passed a tax overhaul package over the weekend amid expectations that tax cuts for corporations will […]
The pound pared back losses on Tuesday after falling sharply earlier amid a fresh deadlock in Brexit talks, but remained on the back foot after data showing that growth in the dominant UK service sector slowed in November. GBP/USD was at 1.3423 by 04:57 AM ET (09:57 AM GMT), after falling as low as 1.3373 earlier. […]
The dollar eased against a basket of the other major currencies on Tuesday, but remained in sight of two-month lows as investors remained cautious ahead of a possible Senate vote on a U.S. tax plan later in the week. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, […]
