Daily News | Reuters poll on tax reform

Today’s news will start with something that could interest currency traders very much. On Wednesday the greenback held near a three-month high versus the yen. The dollar last traded at 113.77 yen, but let’s recall that its high was on Monday – 114.10 yen. There are many factors that analysts highlight when talking about the dollar situation. Some underline the discussion U.S. President Donald Trump had with Senate Republicans over the Federal Reserve. When it comes to Trump, however, there is more interesting news which should concern everyone. Reuters poll on tax reform that was released on Tuesday showed that less than a third of Americans supported Trump’s tax-cut plan. As for the Republicans, 63 percent think that deficit reduction should have priority over tax cuts for corporations. As we can see from this big Reuters poll on the reform, things are getting more complicated for the President and you should definitely keep your eye on the situation. Tax reform is one of Trump’s biggest challenges and it can affect U.S. economy big time, which would then also have global consequences. Naturally, we will keep track of things too and let you know when we have new information.

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