With Washington entrenched in a shutdown, expect to the see further erosion in the value of the dollar
With Washington entrenched in a shutdown, expect to the see further erosion in the value of the dollar
The currency has not rallied despite Donald Trump's new tax plan
If Trump and the Republicans can get their tax bill through Congress, the dollar may gain.
According to the most recent minutes from a Fed meeting, a rate hike is highly likely in December
Dollar long positions eroded going into this past weekend on mixed signals from the US congress and their proposed tax reform plans.
A recent US data docket showed US GDP grew by 3 per cent in the third quarter of this year, and the dollar's fortunes have been improved by the optimism around President Trump’s tax plans.
The US dollar is experiencing a drop due to controversies surrounding Trump, while the euro is rising on positive political and economic news. Read more.
By Reuters : The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.
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