UNCERTAINTIES surrounding President Donald Trump’s tax reform took a toll on the US dollar this week, causing it to fall by 0.45% to a near two-week low of 94.51.
It was reported on Thursday that the US senate planned to delay the cut in corporate taxes until 2019 in order to ease the burden of federal debt. This had managed to offset rises seen during the week when September’s Jolts job opening exceeded expectations with a rise to 6.093 million while IBD/TIPP economic optimism in November improved to 53.6, beating consensus of 51.2.
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