US Tax Reform — News Archive

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US Dollar Ends Week Vulnerable Even as US Congress Passes Tax Reform Bill

The US dollar ended the week soft versus the majority of its most-traded rivals even though the US Congress passed the long-awaited tax reform bill.

US Dollar Doesn’t Respond Well to Good News

Today’s fundamentals looked positive for the US dollar with good housing data and the Congress voting for the final version of the tax reform bill. Yet the greenback did not respond well to the news, falling against almost all of its major rivals, with the exception of the Japanese yen.

US Dollar Strong During Week, Ends Trading Soft Due to NFP

The US dollar was strong during the past trading week thanks to the outlook for the US tax reform. The currency lost its upward momentum on Friday, though, following the release of nonfarm payrolls.

US Dollar Opens Sharply Higher as Markets Reopen

The US dollar opened sharply higher at the start of the trading session after markets got chance to react to the news that the US Senate passed the tax reform bill.

Dollar Soft amid Continuing Uncertainty About US Tax Reform

The US dollar was soft during the past trading week, falling against its major rivals, as markets continued to watch the developments in the US tax reform story.

US Dollar Declines Against Major Peers Despite Upbeat Inflation Data

The US dollar fell against a basket of its major peers on Tuesday, despite an economic report that showed stronger inflation than expected last month. The greenback further weakened against the euro as the German economy displayed solid growth in the third quarter of 2017, which supported the shared currency.

Euro Rallies Against US Dollar on Positive German GDP Data

The euro today rallied higher against the US dollar after the release of German GDP data by the Federal Statistical Office. Other releases from the Eurozone including the higher consumer prices in Germany served to boost the euro against the greenback.

US Dollar Posts Limited Gains as Week Starts

The US dollar was trading marginally higher against its major peers on Monday, though it logged more substantial gains versus the vulnerable Great Britain pound and was almost flat versus the euro.

Dollar Ends Uneventful Week Soft

The US dollar ended the uneventful week somewhat soft, falling against its major rivals. With absence of major economic releases, markets focused on the US tax bills.

EUR/USD Rallies Briefly on Weak Consumer Sentiment Data

The euro today rallied briefly against the US dollar after the release of weak consumer sentiment data by the University of Michigan. This was the second rally by the single currency today as the euro had rallied against the US dollar earlier in the European session, but had given up most of its gains.

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