With Washington entrenched in a shutdown, expect to the see further erosion in the value of the dollar
US equity index contracts have witnessed a slight decline on the start of trading on Tuesday, as markets await a number of major earnings reports to be released today.
With Washington entrenched in a shutdown, expect to the see further erosion in the value of the dollar
The currency has not rallied despite Donald Trump's new tax plan
If Trump and the Republicans can get their tax bill through Congress, the dollar may gain.
According to the most recent minutes from a Fed meeting, a rate hike is highly likely in December
Dollar long positions eroded going into this past weekend on mixed signals from the US congress and their proposed tax reform plans.
A recent US data docket showed US GDP grew by 3 per cent in the third quarter of this year, and the dollar's fortunes have been improved by the optimism around President Trump’s tax plans.
The arrival of Trump's master tax plan and deteriorating sentiment in Europe have benefited the greenback in a big way
Below is a look at the most important data that may have a direct or indirect impact on the readings to be released today:
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