Economic news

Dollar steady as U.S. tax cut approach

The dollar was stable on Wednesday after Wall Street hit fresh record peaks as U.S. tax cuts seemed to become closer to reality.

The dollar index was firm at 93.219 .DXY, retreating from a a two-month low of 92.496 scaled on Monday.

The greenback inched up to 111.54 yen, rising from a 10-week trough of 110.85, while the euro slid to $1.1848.

Sterling jumped 0.3 percent to $1.3373, supported on reports of a achievement in talks over the UK's departure from the European Union.


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