XE Market Analysis: US Dollar Rises on Hopes for Tax Reform

OVERVIEW

  • GBP is down 0.4% versus US Dollar.

  • The Euro is higher after reports from some ECB members who wanted an end date for Q.E.

  • CAD is under pressure ahead of BOC’s governor speech.

  • The AUD weakens as RBA signal rates on hold for time being.

  • Oil prices have hit fresh 2-year highs on Saudi crackdown.