26th July 2017
The greenback rose a little on the back of news that the US Senate had voted to open the debate on reforming healthcare. The US Vice President, Mike Pence helped to break the deadlock and opened the floor to discussions to amend the current bill. This has helped revive hope that this administration could finally make progress on its fiscal agenda. Meanwhile, traders continue to await the news from the two-day FOMC meeting on interest rate policy.
25th July 2017
On Tuesday, the Greenback continued to slump and was traded near a 13-month low vs. its major rivals, with investors believing that the Fed could keep interest rates unchanged at its two-day meeting ending this Wednesday.
24th July 2017
The greenback remained weak leading up to the FOMC statement. On Monday, the currency traded near a 13-month low vs. its major peers as Donald Trump’s domestic agenda could take a while to be approved, due to the recent US political turmoil.
21st July 2017
On Thursday, the U.S. dollar traded under pressure vs. a basket of major currencies, negatively affected by the breakdown in the Republican plan to revise the U.S. health care system,
20th July 2017
On Thursday, the U.S. dollar recovered from close to a 10-months low. The Greenback declined as markets pared expectations for progress on other parts of the Trump agenda, such as tax reform, that would have given the U.S. economy a support.