Daily News | USD rising against a basket of currencies

It seems that – once again – the hottest news has to do with the USD. According to Reuters, investors consolidated their positions after a recent rise. That fact combined with some presumptions on the European Central Bank’s latest meeting, which might be the event of the day, saw USD rising against a basket of currencies. Let us recall: despite some positive information about the dollar – positive economic data, U.S. tax reform – the currencyclimbed less than 3 percent over the last month, so this might definitely be an opportunity for traders. The USD rising against a basket of currencies might happen again, very soon. As for the abovementioned tax reform, it seems that the U.S. budget deficit might impede Trump’s tax cut plan. Even the Republican congressmen stated that any enlarging of the fiscal gap could kill his support. Since the tax reform is of immense importance, we advise you to pay close attention.

As for other news, there are a couple of things that have to be highlighted. There’s a new Google product on the market – the second generation of its Pixel smartphone along with new voice-enabled home speakers, so this also might be a chance for doing some business. We will see how the situation develops, and if any major news about this pop up, you can be sure we will cover it.

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