XE Market Analysis: Tax Reform Doubts Weigh on Sentiment

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OVERVIEW

  • The US Dollar is broadly lower despite CPI tick up and retail sales beat.
  • The Pound struggles to hold gains as the domestic political situation remains fragile.
  • Euro adds to recent gains and fully recovers its fall since the ECB meeting.
  • The Canadian Dollar is weaker alongside oil prices, and home prices fell sharply last month.
  • Australian Dollar slides after unexpectedly weak wage growth data.
  • Oil prices extended losses after the IEA cut its forecast for global oil demand.

HIGHLIGHT