Economic news

Review: Dollar dips on likely delays to U.S. corporate tax cut

The dollar slumped widely on Wednesday as implementation of a major corporate tax cut could be delayed.

The dollar index .DXY sank 0.1 percent to 94.844.

The greenback lost 0.2 percent to 113.800 yen, retreating from an eight-month peak of 114.735 reached on Monday.

The euro inched up 0.1 percent to $1.1597, rising from a three-month trough of $1.1553 touched overnight.

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