For the moment, the dollar index is located near the mark of 92.97 as all expectations are focused on a vote on Tuesday regarding the adoption of tax reform. While investors are waiting for the adoption of new tax rules, the dollar has remained under pressure since the beginning of the opening of the Asian session, trading at a loss.
Yesterday Senator John McCain from the Republican Party supported tax reform, against which US stocks continued to rally, and the Dow Jones index climbed above $24,000 reaching a new historic high.
Furthermore, new problems arose in the White House for Secretary of State Rex Tillerson, who might be replaced with the head of the CIA, Mike Pompeo. This was divulged by three members of the White House and is probably motivated by disagreements with the president and the slow process of settling the conflict with North Korea.
Currencies like the pound and the euro strengthened their positions as Brexit negotiations got closer to an agreement on the conditions of the divorce.
Also, today is the first day of the month and we expect the release of monthly reports for November.
