The dollar stayed on the defensive on Wednesday as investors wagered any further tightening in the United States would be slow at best, while optimism on China's economy underpinned Asian shares and commodities.
The U.S. currency was near multi-month lows after the collapse of the Republicans' push to overhaul healthcare dealt a blow to President Donald Trump's ability to pass promised tax cuts and infrastructure spending.
The diminished prospect of fiscal spending was a boon to bonds, especially as a run of soft US inflation results had lessened the risk that the Federal Reserve would need to be aggressive in removing its stimulus.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
No comments:
Post a Comment