Decision on US tax reform
While optimism about the tax reform in the US is quenching and the investors have not received the expected completion of the bill, the dollar began to fluctuate and today we see some change in its price compared to other popular currencies.
The dollar weakened for today (insignificantly) and showed uncertainty.
This can be explained by the fact that there is the possibility of U.S. government shutdown, unless a reform agreement is reached this week.
Government funding is set to expire.
The U.S. dollar was initially boosted after the U.S. Senate passed a tax overhaul package over the weekend amid expectations that tax cuts for corporations will stimulate the U.S. economy.
As one of the scenarios, to stimulate the economy may prompt the Federal Reserve to raise interest rates faster.
Republicans are aiming to send a final tax bill to the White House before Christmas, with the House and Senate working to reconcile separate versions of the plan.
The US dollar index slightly changed to 93.36 at the time of publication.