Currency – The dollar maintains its gains in view of the tax reform

© Reuters. The dollar maintains its gains in view of the tax reform

The dollar maintains its gains against its counterparts on Thursday, as investors continue to focus on tax reform and the hope of its introduction before Christmas.

The Senate Republican agreed to discuss with the House of Representatives to reconcile their separate versions of the legislation Wednesday, fuelling hopes that lawmakers will reach an agreement on a final bill before a December 22, self-imposed deadline.

Figures on employment in the u.s. private sector released on Wednesday supported the dollar.

On the other hand, investors are cautious after the u.s. president Donald Trump has recognized Jerusalem as the capital of Israel, despite the warnings that this attiserait tensions in the Middle East.

The index dollar, which measures the greenback’s strength against a basket of six major currencies, ahead of 0.13% to 93.65 at 05:15 a. m. AND (09:15 GMT).

The euro and pound are stable with the EUR/USD at 1.1791, and the GBP/USD at 1.3385 on concerns related to the negotiations for the Brexit.

Elsewhere, the yen and the Swiss franc declined, with USD/JPY up 0.35% to 112.66 and the USD/CHF up 0.16% at 0.9915.

Earlier Thursday, the australian Bureau of statistics said that trade surplus narrowed in October to 0.105 billion australian dollars from 1.604 billion australian dollars in September, whose figure was revised from 1.745 billion australian dollars previously estimated.

Analysts expect that the trade surplus is reduced to 1,401 billion australian dollars in October.

In the meantime, the USD/CAD gaining 0.28% to 1.2825.

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