Investing.com – The dollar slipped lower against other majors currencies on Monday, but remained supported by hopes a major U.S. tax overhaul will be passed before the Christmas holiday.
The greenback was lifted after Republicans on Friday on a sweeping tax overhaul bill.
They are confident Congress will now pass the tax bill this week, with a Senate vote planned as early as Tuesday.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.09% at 93.38 by 02:05 a.m. ET (06:05 GMT).
edged up 0.13% to 1.1763, while added 0.16% to 1.3344.
The euro found support after Germany’s Social Democrats with Chancellor Angela Merkel, providing a chance to end the country’s political deadlock. However, the talks are not expected to begin until January.
rose 0.10% to 112.71, while held steady at 0.9901.
Elsewhere, the Australian and New Zealand dollars were stronger, with up 0.21% at 0.7663 and with gaining 0.37% to trade at 0.7020.
Meanwhile, eased 0.09% to 1.2853.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Dollar steadies after upbeat U.S. data amid holiday-thin trade - April 19, 2019
- Forex – Dollar Rallies on Upbeat U.S. Economic Data - April 18, 2019
- New Report Says USMCA to Boost U.S. Economy 0.35% - April 18, 2019