Forex News. Greenback dives with tax reform bill eyed

usd_newsOn Friday, the evergreen buck went down versus other key currencies because traders were still awaiting upbeat news on a highly-anticipated American tax reform bill.

Market sentiment on the US currency was still fragile after on Thursday the US Senate postponed a vote on the tax reform bill until Friday because a major element of the bill still required to be negotiated.

Assessing the greenback’s actual value versus a basket of six main currencies, the US dollar index was intact sticking to 92.92.

The currency pair EUR/USD rallied 0.10% being worth 1.1915, GBP/USD relieved 0.08% hitting 1.3518m, which is off a two-month maximum of 1.3550 reached overnight.

The euro was underpinned by expectations of progress in Germany after Angela Merkel’s party held negotiations late on Thursday with centre-left Social Democrats to assist in the formation of a government coalition.

Additionally, hopes for an upbeat outcome to everlasting Brexit talks kept lending broad support to the British pound.

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