U.S. dollar falls amid tax reform discussion

0 Comment(s)Print E-mail Xinhua, November 18, 2017
Adjust font size:

NEW YORK, Nov. 17 (Xinhua) -- The U.S. dollar edged lower against most major currencies Friday, as investors still looked into the tax reform progress in the government.

U.S. House on Thursday approved its version of tax cut plan in an along-party-line vote and delivered a major legislative achievement.

Focus now turns to the Senate. The Senate is discussing its own version of tax cut plan and it's not clear whether the Republicans in Senate could secure enough votes to pass it.

Senate Republicans are aiming to vote on their tax plan during the week after the Thanksgiving holiday.

The dollar was pressured as investors still worried that the tax reform plan couldn't be achieved by the year-end.

The dollar index, which measures the greenback against six major peers, was down 0.28 percent at 93.671 in late trading.

In late New York trading, the euro increased to 1.1796 dollars from 1.1764 dollars in the previous session, and the British pound rose to 1.3210 dollars from 1.3182 U.S. dollars in the previous session. The Australian dollar lost to 0.7566 dollar from 0.7589 dollar.

The dollar bought 112.12 Japanese yen, lower than 113.03 yen of the previous session. The U.S. dollar lost to 0.9887 Swiss franc from 0.9942 Swiss franc, and it was up to 1.2767 Canadian dollars from 1.2747 Canadian dollars. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter