Major world currencies dynamics is close to zero

Major world currencies dynamics is close to zero

Diposting di November 10, 2017, 15:47 PM

On Friday dynamics of major world currencies – the US dollar, Japanese yen, Euro, Pound Sterling, Swiss Franc close to zero in the absence of new factors that could have a significant impact on the market.

On Thursday, the dollar fell against most currencies due to the promulgation of the new version of the tax reform bill in the U.S. Senate by Republicans.

On Thursday the leaders of the Republicans in the Senate presented their proposals for tax reform. The draft postpones taxes reduction on profits of еру American companies from 2018 to 2019, and also it maintains the inheritance tax, though, and doubles the value of the property exempted from taxation for them. Thus the upper limit of the tax to incomes of physical persons at the suggestion of the senators is lower than that of the house of representatives: 38,5% against 39.6 percent.

The Australian dollar is close to four months min after the Reserve Bank of Australia (RBA) lowered the inflation projection in the quarterly report on monetary policy. According to the estimates by the RBA, the inflation rate will reach 2% only in 2019, the average annual GDP growth in the next couple of years will be about 3%.

Dmitriy Wainer

NewForex analytics department



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