XE Market Analysis: North America – Dec 15, 2017

The dollar has been trading mostly softer amid uncertainties about the tax reform bills prospects after Republican Senator Marco Rubio threated to vote against the bill, joining his GOP colleague, Mike Lee, in demanding that a child tax credit for working families is expanded. The USD index (DXY) ebbed during London AM dealings back to the 93.50 area, down from yesterday’s high at 93.75, maintaining the heavy technical tone that’s been in place since Wednesday’s release of benign CPI data and the Fed’s less hawkish than expected guidance following its latest FOMC meeting.

Source: XE news feed
XE Market Analysis: North America – Dec 15, 2017