Currency – The dollar changes a little during a session calm

© Reuters. The dollar changes a little during a session calm

The dollar remains stable at a low of two and a half weeks compared to the other currency majors on Thursday as optimism around the tax reform plans of the United States has continued to decrease before the Christmas holidays.

The greenback has reacted after the House of Representatives has approved on Wednesday the biggest revision to u.s. tax in 30 years, marking a major domestic political victory for the president, Donald Trump.

The participants in the market have also been cautious on the eve of the latest report on the economic growth in the third quarter of the United States, expected later in the day, as well as data on manufacturing activity and jobless claims.

The dollar index, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, was little changed at 92,89 at 05:15 a. m. AND (09:15 GMT).

The euro and the pound sterling are stable, with EUR / USD at 1.1880 and with GBP / USD at 1.3386.

The yen declined, with USD / JPY at 113,47, while USD / CHF exchange rate low at 0.9865.

As was widely expected, the Bank of Japan has maintained Thursday its monetary policy unchanged.

The central bank has also highlighted the fact that inflation is still far from the target of 2% despite a growing economy.

Moreover, the dollars of australia and new zealand are on the retreat, with the AUD / USD down 0.09% to 0,7660 and NZD / USD down 0.20% to 0,7000.

Earlier Thursday, Statistics New Zealand announced that the country had increased by 0.6% in the third quarter, exceeding expectations of 0.5%. On twelve months, the new zealand economy grew by 2.7% in the last quarter, compared to forecasts of a growth rate of 2.3%.

Elsewhere, the USD / CAD was little changed at 1.2834

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