© Reuters. The dollar is steady against its rivals
Investing.com – The us dollar continued to advance against the other currencies on Tuesday as investors monitor the progression of the tax reform.
The index dollar, which measures the greenback’s strength against a basket of six major currencies, ahead of 0.39% to 94.98 at 8:09 AM ET (1:09 PM GMT).
The demand for the dollar continued to be supported by the forecast that the Fed will increase rates in December, for the third time this year after the figures for the services sector.
Investors are waiting to see if the republicans manage to overcome their differences in the adoption of the tax reform.
If they succeed, it will be the first great enterprise of the republicans since they are installed in the White House and the congress in January, but doubts persist on the volume of loans needed to finance the project.
Investors also keep an eye on the visit of the american president Donald Trump in Asia.
The euro declined to its lowest level against the dollar with the EUR/USD was down 0.38% at 1.1566, a low since mid-July. The pound has declined against the dollar, with GBP/USD down 0.24% to 1.3138.
The pound declined against the dollar, with GBP/USD down 0.14% at 1.3155.
The australian dollar and the us dollar new zealand are retreating, with the AUD/USD down 0.51% at 0.7653 and NZD/USD down 0.43% at 0.6916.