You are here: Home > articles > Forex > Bullet Report: USD Crashes Along With Trump’s Healthcare Bill
Bullet Report: USD Crashes Along With Trump’s Healthcare Bill
March 27, 2017 7:17 amVideo
Latest News
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
- Trading plan for GBP/USD on April 16. Simple tips for beginners April 16, 2024
- Trading plan for EUR/USD on April 16. Simple tips for beginners April 16, 2024
The dollar slid to a near two-month low against a basket of currencies early on Monday as concerns mounted about the chances of U.S. fiscal stimulus after the stinging defeat of President Donald Trump’s healthcare package. Traders said the market was divided on what the failure of Trump’s healthcare bill meant for the outlook for U.S. tax cuts and infrastructure spending. EUR/USD rose 0.22% to 1.0807, off a three-day low of 1.0761 hit earlier in the session.
Prime Minister Theresa May will set out how her government plans to restore sovereignty over Britain’s laws on Thursday, publishing a detailed paper on ending “the supremacy of EU lawmakers,” according to Reuters. GBP/USD traded at 1.2520, up 0.38%.
The dollar index against a basket of major currencies was
down 0.3 percent at 99.299 after going as low as 99.292,
its lowest since Feb. 2.
Gold rose over 1% to touch a one-month high on Monday as the dollar slid after President Donald Trump’s failure to pass healthcare reform raised doubts over his ability to push through his economic agenda. Spot gold rose 1 per cent to $1,256.20 per ounce by 0401 GMT, after hitting $1,257.97, its highest since February 28.
US Oil remained in red last week after recovery attempts were capped under psychological $50 per barrel resistance, as hopes that output cut agreed between OPEC and non-OPEC oil producers was offset by persistently high crude inventories. Oil producers agreed to curb production by 1.8 million barrels per day, from Jan 1 for six months, in order to drain record stockpiles, but inventories remain high.
Spot silver rose 0.6% to $17.85 an ounce, after hitting a near 3-week high of $17.88. Platinum rose 0.8 per cent to $968.74, while palladium was firm at $809.30. It touched an over 2-week peak of $815.40, its best since March 10, 2015.
The post Bullet Report: USD Crashes Along With Trump’s Healthcare Bill appeared first on Forex.Info.
Source: Easy Forex Forex.Info
Related Posts: