THE Federal Reserve chairman announcement, Fed FOMC meeting and revelation of Trump’s tax plan had dominated the US dollar this week causing it to decline 0.24% to 94.69.
Details released on Thursday showed that cuts in income and property tax rates will be scaled back as well as the rise in federal debt by US$1.5 trillion over the next 10 years. News of Trump’s Fed chairman decision was ubiquitous throughout the week and ended on Thursday when Trump finally made his unsurprising decision to nominate Jerome Powell.