Currency – The dollar exchange rate despite the tax reform

The dollar changes little despite tax reform

The dollar exchange rate against other currencies during a session quiet on Wednesday, when progress on a bill important tax reform of the United States has offered no support to the greenback.

The volumes of transactions are expected to become increasingly thin throughout the week, before the Christmas holidays.

The greenback has reacted after the House of representatives has approved on Tuesday the largest revision of the tax in u.s. in 30 years.

For reasons of procedure, another vote will take place on Wednesday, but it is still regarded as a further step towards the implementation of a major overhaul of the u.s. tax.

The Senate vote was to take place Thursday.

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 93,04 to 08:15 a. m. AND (12:15 GMT).

The euro and the pound sterling are stable, with the EUR / USD at 1.1844, and with the GBP / USD up 0.18% at 1.3410.

The yen and the swiss franc to retreat, with the USD / JPY rising 0.34% to 113.27 and with USD / CHF up 0.30% at 0.9880.

Elsewhere, the australian dollar has been stronger with an increase of 0.18% to 0,7676, while the NZD / USD has continued to 0,6978.

During this time, the USD / CAD was down 0.22% to settle at 1,2850.

Like this post? Please share to your friends:
Leave a Reply