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The U.S. healthcare system in a stunning setback for President Donald Trump

Traders said the market was divided on what the failure of Trump’s healthcare bill meant for the outlook for U.S. tax cuts and infrastructure spending.
The dollar index against a basket of major currencies was down 0.3 percent at 99.299 .DXY after going as low as 99.292, its lowest since Feb. 2.
REUTERS/Dado Ruvic/Illustration/File PhotoTOKYO/SYDNEY The dollar slid to a near two-month low against a basket of currencies early on Monday as concerns mounted about the chances of U.S. fiscal stimulus after the stinging defeat of President Donald Trump’s healthcare package.
The Australian dollar was up 0.1 percent at $0.7632 AUD=D4 and the New Zealand dollar rose 0.2 percent to $0.7044 <NZD=D4.
The index had risen to a 14-year high near 104.00 early in January when expectations for significant stimulus under the Trump presidency were at their peak.

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U.S. equity futures at six-week low after Trump healthcare setback

Trump healthcare setback

REUTERS/Lucas JacksonU.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump.
U.S. Treasury futures were up 0.18 percent Sunday, indicating that yields would start the week lower when bonds start trading in Asia later.
S&P 500 e-mini futures ESv1 were down over 0.65 percent, shortly after electronic trading resumed on Sunday evening.
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016.
Volume of more than 17,000 contracts in the first 30 minutes marked the heaviest trading activity to kick off a week since Trump took office.

 

according to

FOREX-Dollar hits near 2-mth low after Trump’s healthcare debacle

Forex dollar

Traders said the market was divided on what the failure of Trump’s healthcare bill meant for the outlook for U.S. tax cuts and infrastructure spending.
The dollar index against a basket of major currencies was down 0.3 percent at 99.299 after going as low as 99.292, its lowest since Feb. 2.
“Concerns towards the Trump administration have been reignited after his healthcare legislation setback.
[nL2N1H10CS] The blow so early in Trump’s term has heightened worries about the chances of economy-boosting steps being enacted, such as tax reforms and big spending packages.
In a sign of stress for Wall Street stocks, U.S. equity index futures fell to a six-week low.

 

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