The U.S. dollar declined against other major currencies on Tuesday, amid comments from European Central Bank's (ECB) official and speculation that the tax overhaul plan Trump raised would stall.
The euro rose to session highs against the dollar on Tuesday, as Sabine Lautenschlaeger, vice-chair of the supervisory board of ECB, called for the central bank to roll back asset purchases in 2018.
Meanwhile, there has been speculation that the tax overhaul plan Trump raised would stall, weighing down the greenback.
The dollar index, which measures the greenback against six major peers, was down 0.45 percent at 93.253 in late trading.
Trump and the top Republicans in Congress hope to enact a package of tax cuts for corporations, small businesses and individuals before January, saying lower taxes will boost economic growth, jobs and wages.
However, media reported a spat between Trump and an influential Republican senator raised worries.
In late New York trading, the euro increased to 1.1807 dollars from 1.1749 dollars in the previous session, and the British pound increased to 1.3204 dollars from 1.3153 U.S. dollars in the previous session. The Australian dollar increased to 0.7783 dollar from 0.7760 dollar.
The dollar bought 112.31 Japanese yen,lower than 112.66 yen of the previous session. The U.S. dollar lost to 0.9751 Swiss franc from 0.9799 Swiss franc, and it was down to 1.2510 Canadian dollars from 1.2539 Canadian dollars.
The euro rose to session highs against the dollar on Tuesday, as Sabine Lautenschlaeger, vice-chair of the supervisory board of ECB, called for the central bank to roll back asset purchases in 2018.
Meanwhile, there has been speculation that the tax overhaul plan Trump raised would stall, weighing down the greenback.
The dollar index, which measures the greenback against six major peers, was down 0.45 percent at 93.253 in late trading.
Trump and the top Republicans in Congress hope to enact a package of tax cuts for corporations, small businesses and individuals before January, saying lower taxes will boost economic growth, jobs and wages.
However, media reported a spat between Trump and an influential Republican senator raised worries.
In late New York trading, the euro increased to 1.1807 dollars from 1.1749 dollars in the previous session, and the British pound increased to 1.3204 dollars from 1.3153 U.S. dollars in the previous session. The Australian dollar increased to 0.7783 dollar from 0.7760 dollar.
The dollar bought 112.31 Japanese yen,lower than 112.66 yen of the previous session. The U.S. dollar lost to 0.9751 Swiss franc from 0.9799 Swiss franc, and it was down to 1.2510 Canadian dollars from 1.2539 Canadian dollars.
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