Dollar turned lower, as investors waited for U.S tax reform legislation's next step
The dollar turned lower, as investors waited to see how the next step of the U.S. tax reform legislation proceeds rather than extend the rise made by the dollar at the start of the week following the U.S. Senate’s approval of the tax bill. The Senate must now reconcile its version of the bill with legislation passed by the House of Representatives. The House of Representatives voted late on Monday to set up formal negotiations with the Senate, bringing the final bill a step closer. But deliberations could still take weeks to complete. The coming negotiations on the bill between the Senate and the House are likely to decide the dollar’s and commodity direction this week .
Source : Reuters
More will update soon!!!
