The dollar has slightly changed against other currencies

The dollar has slightly changed against other currencies

Posted on November 10, 2017, 10:47 AM

On Friday, the dollar has slightly changed against other major currencies amid concerns about the tax reform fate in the United States.

The dollar got under pressure after the reports that the bill version from the Republican party representatives in the Senate about the tax reform implementation is postponed for 2019.

The EUR/USD currency pair remained steady at 1,1641, and the GBP/USD currency pair exchange rate has slightly declined by 0.11% to 1,3131 at the beginning of a new round of negotiations on Brexit.

In the article published on Thursday in the Daily Telegraph, Prime Minister Theresa May warned that any attempt to block Brexit would be harshly punished. She also identified specific terms of British exit from the EU.

The USD/JPY currency pair has slightly changed in the position of 113,49, and the USD/CHF currency pair  is 0.20% up to 0,9948.

Australian dollar: AUD/USD currency pair rose by 0.09% to 0,7686. The NZD/USD currency pair was down by 0.10% to 0,6939.

On Friday in its quarterly report on monetary policy the Reserve Bank of Australia has announced economic growth forecast for December 2017 with a range of 2-3% (forecast made in August) to the value of 2.5%.

However, the Central Bank of Australia expects stable economic growth in the next few years, given the good situation on the labor market.

USD/CAD currency pair remains steady at 1,2676.

Dmitriy Wainer

NewForex analytics department

 

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