XE Market Analysis: US Dollar at a Disadvantage Due to Tax-cut Sentiment

OVERVIEW

  • US Dollar slumps ahead of Senate Republicans tax-cut bill release.
  • Bitcoin hits an all-time high of $7888.
  • Sterling has managed to avoid any losses due to the political turmoil unfolding.

HIGHLIGHT

The Euro has capitalized on a weaker Dollar and moved back above 1.1600. The Euro-zone is forecast to grow at its best rate in a decade according to the European Commission.