Dollar Falls amid Worry on US Tax Reform

by **Rocky** Mon 18 Dec 2017, 6:27 am

by Rocky Mon 18 Dec 2017, 6:27 am

[ltr]Dollar Falls amid Worry on US Tax Reform[/ltr]

Since 2017-12-18 at 13:16 (Baghdad time)
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[ltr]Follow up of Mawazine News[/ltr]
[ltr]The dollar fell against a basket of major currencies Monday, amid a state of caution ahead of a vote in the US Congress on tax reform after the bill moved another step towards its adoption early next week.[/ltr]
[ltr]The US currency rose after the Republicans on the Senate negotiating committee on Friday finalized a comprehensive tax reform that includes a significant reduction in corporate taxes.[/ltr]
[ltr]But it fell on Monday on some uncertainty over whether or not the bill would pass, and with some doubts about the impact on growth that tax reforms would have.[/ltr]
[ltr]Against a major basket of currencies, the dollar fell 0.2 percent to 93.800.[/ltr]
[ltr]The euro benefited from the dollar's slide, rising 0.25 percent to $ 1.1777.[/ltr]
[ltr]The US currency was steady against its Japanese counterpart at 112.70 yen after rising 0.2 percent on Friday.[/ltr]
[ltr]The currency fell 1 percent to $ 18,764 on the BST. The currency hit a record high of $ 19,666 on Sunday, ending 29/43[/ltr]

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