XE Market Analysis: Pound Retreats After No Brexit Deal, US Dollar Gains on Tax Reform

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OVERVIEW

  • USD gains after the Senate approved the tax bill.
  • The Euro is softer after investor sentiment fell more than expected. 
  • US stock markets jumped more than 1% on tax progress to fresh record highs.
  • Swiss Franc weakens 1% as investors seek higher risk, higher return assets.

HIGHLIGHT