XE Market Analysis: North America – Dec 20, 2017

The dollar traded mixed, seeing little impact from the tax bill’s passage in the U.S. Senate in the early hours of the day. The House will re-vote later today due to procedural irregularities in the vote yesterday, and is expected to pass. The dollar posted gains versus the yen, which has generally underperformed, while showing little net change against the euro and sterling while showing moderate declines versus the Australian dollar. USD-JPY rallied to one-week high above 113.00, buoyed by a spike in U.S. Treasury yields yesterday.