On Wednesday, the Greenback held steady vs. a basket of major currencies, amid worries over a possible U.S. government shutdown offset optimism over progress on tax reform plan. However, the USD remained backed by optimism that U.S. Congress could soon pass tax reform legislation that gives the U.S. economy a fiscal support.
The Single currency fell slightly vs. the Greenback, to settle at $ 1.1824 down by 0.01%.
The Sterling pound fell by 0.38% vs. the USD to settle at $1.3392 as the UK Prime Minister Theresa May failed to reach an agreement on a Brexit deal with the EU. Meanwhile, all eyes will remain firmly fixed on the Brussels negotiations.
The Greenback fell vs. the JPY by 0.38%, to settle at ¥112.18, as risk appetite decreased.
Gold prices edged higher, but settled near their lowest level in six-weeks, as traders continued to track progress made by U.S. lawmakers to pass a bill that could reform the U.S. tax system.
Gold Futures - Feb 18 (GCG8), rose as much as 0.41% to settle at $ 1,270.30.
Earlier today, Oil prices declined, as the U.S. crude stockpiles increased in what the market interpreted as a sign of weak demand.
Crude Oil WTI Futures - Jan 18 (CLF8) fell as much at 0.56 % at $ 57.30 and Brent Oil Futures - Jan 18 (LCOF8) was down by 0.452% at $62.58.
The most important economic events:
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