Home / dollar / 2017-03-24 : Dollar steadies after worst run vs yen since 2010, healthcare vote eyed

2017-03-24 : Dollar steadies after worst run vs yen since 2010, healthcare vote eyed

collected by :Irax John

“We have a holding pattern ahead of the healthcare vote tonight,” said Richard Cochinos, European head of G10 currency strategy at Citi in London.
After losing 3.5 per cent in the past 10 days, the dollar was roughly steady at 111.19 yen.
The dollar held under $1.08 per euro for a second day on Thursday as investors awaited a vote on Republican healthcare plans seen as a litmus test of President Donald Trump’s ability to legislate in Congress.
That faith has evaporated steadily since the turn of the year and the dollar has fallen against all of its major peers in response.
With global equities buffeted by a range of concerns this week, Wall Street on Tuesday suffered its worst day since Trump’s election.

Dollar steadies after worst run vs yen since 2010, healthcare vote eyed

as mentioned in MUFG currency strategist Derek Halpenny, also in London, said that whatever the outcome of the healthcare vote, the dollar still looked vulnerable.
Postponement of the vote from Thursday initially knocked the dollar and stock markets on Thursday, but both later trimmed their losses.
For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets(Additional reporting by Shinichi Saoshiro in Tokyo; Editing by Keith Weir and Toby Davis)
Lawmakers in U.S. Congress will vote on new healthcare legislation later on Friday.
“We still expect a much smaller tax cutting program simply due to the inability to agree on how a large program could be financed…

Dollar steadies after worst run vs yen since 2010, healthcare vote eyed

as mentioned in MUFG currency strategist Derek Halpenny, also in London, said that whatever the outcome of the healthcare vote, the dollar still looked vulnerable.
Postponement of the vote from Thursday initially knocked the dollar and stock markets on Thursday, but both later trimmed their losses.
For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets(Additional reporting by Shinichi Saoshiro in Tokyo; Editing by Keith Weir and Toby Davis)
Lawmakers in U.S. Congress will vote on new healthcare legislation later on Friday.
“We still expect a much smaller tax cutting program simply due to the inability to agree on how a large program could be financed…

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