Currency – The dollar remains in decline during a session calm

© Reuters. The dollar remains in decline during a session calm

The dollar remains lower against the other major currencies on Friday, due to new concerns about the tax reform plans americans, and the fact that the latest policy statement from the federal Reserve continued to weigh.

The greenback has been under pressure after two republican us senators have called Thursday for changes to the draft tax reform law proposed in the United States.

The bill needs a simple majority to pass in the Senate, in which republicans hold only 52 of the 100 seats.

On Wednesday, the Fed raised the interest rate by 0.25 basis point to 1.50% at the end of its policy meeting, in line with expectations.

However, the central bank has not changed its projections for 2018, which include three new interest rate increases in 2018 and 2019, disappointing the expectations of four rate hikes next year.

The index U. S. dollar, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, gave up 0.17% to 93.48 at 05:15 a. m. AND (09:15 GMT).

The euro rose with the EUR / USD up 0.17% to 1,1798 and the GBP / USD is stable at 1,3442.

The sentiment towards the single currency remained fragile after the european central Bank maintained Thursday its monetary policy and that its forecasts of growth and inflation have been revised upwards but the underlying rate of inflation remains moderate.

The Bank of England has also kept interest rates outstanding on Thursday and announced that progress had been made in the negotiations on the Brexit between the Uk and Brussels.

The USD / JPY has slipped 0.19% to 112,17, while the USD / CHF fell 0.11% to 0,9880.

Earlier Thursday, data showed that the confidence of japanese firms improved for a fifth consecutive quarter in the three months prior to the month of December.

Moreover, the dollars of australia and new zealand have been stronger, with AUD/USD rising 0.13% to 0,7677 and NZD / USD rising 0.46% to 0,7017.

During this time, the USD / CAD gives up 0.29% to 1,2753.

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