The US House approved once again the tax plan, but it is uncertain whether Trump will sign it by Friday. In Asian trading today, the BoJ remained on hold and appeared somewhat more optimistic on the domestic economy. Focus now turns to Canada’s CPI rates for November.
House Approves Tax Plan Again, But It’s Unclear When Trump Will Sign It.
The dollar traded mixed against its G10 rivals on Wednesday. It gained the most against NOK and JPY, while it traded lower against NZD, CAD and EUR. The biggest winner was NZD after data showed that, although New Zealand’s GDP has slowed in Q3, the Q2 rate was revised up, the combination of which pushed the yoy growth rate higher. The Canadian dollar took the second place ahead of Canada’s CPI data later in the day (see below).
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