© Reuters. The dollar is stable at a lower a week
Investing.com – The dollar remains unchanged at low levels in a week against the other major currencies on Friday, as concerns over the fate of a proposed tax reform is very expected in the United States have weighed on the greenback.
The dollar has been under pressure following the information according to which the revision of the draft law to the republicans of the u.s. Senate would delay its implementation until 2019.
Like the version of their counterparts, the Senate proposal would reduce the corporate tax rate from 35% to 20%.
In addition, the two bills would add $ 1.5 billion over 10 years to the budget deficit and the national debt of the United States.
The index dollar, which measures the greenback’s strength against a basket of six major currencies, was stable at 94.44 02:15 a. m. AND (06:15 GMT).
The EUR/USD is stable at 1.1641, while the GBP/USD gives up 0.11% to 1.3131.
Writing in the Daily Telegraph on Thursday, the First british minister, Theresa May, has warned that it will not “tolerate” any attempt to block the Brexit and attach the time at which the Uk will leave the EU.
She said that “23h GMT on 29 march, 2019” is “written in black and white” in an amendment to the draft law on withdrawal from the EU.
Elsewhere, the USD/JPY does not change to 113.49, while the USD/CHF advance of 0.20% to 0.9948.
Australian dollars to advance and the new zealanders is declining, with the AUD/USD up 0.09% to 0,7668 and the NZD/USD gives up 0.20% to 0,6939.
Earlier Thursday, the central bank of Australia left its benchmark interest rate unchanged at 1.75% at the conclusion of its monthly meeting on policy, as expected.
The central bank has also forecast a possible rate increase for the second quarter of 2019, three months earlier than planned.
Elsewhere, the USD/CAD is stable at 1.2676.