Special report: Obamacare Repeal and FX Impact
One of the setbacks to the US Dollar this week has involved developments surrounding tomorrow's US House Obamacare repeal vote. There has been talk the bill won't go through as smoothly as anticipated, which will further undermine Trump's ability to deliver on US Dollar supportive tax cut and infrastructure spending policies.
Next 24 hours: Yen Strength Stands Out on Wednesday
Not a whole lot of movement on Wednesday, though Yen strength did stand out, with the USDJPY rate dropping to a four month low and gravitating towards that critical psychological barrier at 110.00, mostly on the back of safe haven flow. Looking ahead, the RBNZ decision, Yellen speech, and a US House vote highlight Thursday’s calendar.