XE Market Analysis: North America – Dec 19, 2017

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The dollar has traded on a softer tack into the U.S. tax bill votes, although most pairings remained within their respective ranges that were posted yesterday. AUD-USD was an exception, lifting to a two-session peak of 0.7684. EUR-USD lifted back above 1.1800, though the market has lacked the muster for a challenge on yesterday’s high at 1.1834 ahead of the Congressional votes on the U.S. tax reform bill. The December German Ifo business climate survey also unexpectedly dipped to a headline reading of 117.2 from 117.5 in the month prior. USD-JPY plied a narrow range centred around 112.50.