الثلاثاء , 17 يوليو 2018
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الرئيسية / سياسة / [:en]Dollar flat after U.S. tax reform, NAFTA comments[:]
[:en]Dollar flat after U.S. tax reform, NAFTA comments[:]

[:en]Dollar flat after U.S. tax reform, NAFTA comments[:]

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[:en]

The dollar was flat Thursday after Trump’s tax reform plan and comments on NAFTA.
The dollar index was off 0.04% at 98.81 as Trump’s tax reform announcement was in line with what had been flagged.
The corporate tax rate is to be cut to 15% but there were doubts on how cuts are to be paid for without swelling the deficit.
The Trump administration said it would seek to renegotiate NAFTA rather than abandon the trade pact.
That helped boost the loonie and the Mexican peso.
The dollar was higher against the yen as the BoJ stood pat on policy as expected.
The bank slightly raised its GDP forecast for the current fiscal year but slightly cut its inflation estimate.
The euro was mostly steady against the dollar ahead of the ECB policy meeting.
The ECB is expected to keep policy on hold with Draghi news conference eyed for any sign of changes to forward guidance.

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