The Dollar continues to alternate offensive with short-term corrections. The latest spurt can be attributed to the positive news from the US Senate, where Republicans managed to agree on budget estimates for 2018.
The EUR/USD pair is stable, despite the fact that the Dollar is falling against other currencies ahead of the Septembers consumer inflation data. What has pushed Dollar in the right direction has been the unemployment benefits data.
Will the ECB Minutes solve the Euro´s controversy?
The world indices are descending from record highs, while the European investors are tensely waiting for the ECB meeting protocol to get more information about the regulator’s intentions to curtail the monetary stimulus.
On Wednesday, Trump presented a bill in which he proposed significant tax breaks for both individuals and legal entities. The reform implies a reduction in income and corporate taxes, as well as the abolition of certain tax benefits.
The S&P 500 index seems to depend only on the positive news while updating records. The Dollar remains in a limbo, as sellers made a halt after a long descent, while the FED situation remains very uncertain.