The U.S. dollar traded mixed against other major currencies Tuesday, as investors continued to monitor the progress of the country's tax reform.
The U.S. Senate on Saturday morning narrowly passed the Republican bill to overhaul the tax code in decades, moving one step closer to the first major legislative victory of the Trump administration and congressional Republicans.
The House of Representatives had passed its own version of tax reform legislation last month, which contained significant differences from the Senate version. Republicans currently plan to convene a conference in the next few weeks to reconcile the House and Senate versions.
Overhauling the tax code is a top priority of Republicans and they are hoping to send the final legislation to President Donald Trump before Christmas.
Analysts said it seemed it's just a matter of time before the final bill reaches President Donald Trump for final approval, despite the Senate and House of Representative have differences on the tax bill.
The dollar index, which measures the greenback against six major peers, was up 0.22 percent at 93.392 in late trading.
In late New York trading, the euro decreased to 1.1815 dollars from 1.1856 dollars in the previous session, and the British pound shed to 1.3437 dollars from 1.3474 U.S. dollars in the previous session. The Australian dollar rose to 0.7608 dollar from 0.7597 dollar.
The dollar bought 112.59 Japanese yen, lower than 112.65 yen of the previous session. The U.S. dollar rose to 0.9883 Swiss franc from 0.9855 Swiss franc, and it edged down to 1.2695 Canadian dollars from 1.2697 Canadian dollars.
The U.S. Senate on Saturday morning narrowly passed the Republican bill to overhaul the tax code in decades, moving one step closer to the first major legislative victory of the Trump administration and congressional Republicans.
The House of Representatives had passed its own version of tax reform legislation last month, which contained significant differences from the Senate version. Republicans currently plan to convene a conference in the next few weeks to reconcile the House and Senate versions.
Overhauling the tax code is a top priority of Republicans and they are hoping to send the final legislation to President Donald Trump before Christmas.
Analysts said it seemed it's just a matter of time before the final bill reaches President Donald Trump for final approval, despite the Senate and House of Representative have differences on the tax bill.
The dollar index, which measures the greenback against six major peers, was up 0.22 percent at 93.392 in late trading.
In late New York trading, the euro decreased to 1.1815 dollars from 1.1856 dollars in the previous session, and the British pound shed to 1.3437 dollars from 1.3474 U.S. dollars in the previous session. The Australian dollar rose to 0.7608 dollar from 0.7597 dollar.
The dollar bought 112.59 Japanese yen, lower than 112.65 yen of the previous session. The U.S. dollar rose to 0.9883 Swiss franc from 0.9855 Swiss franc, and it edged down to 1.2695 Canadian dollars from 1.2697 Canadian dollars.
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