Dollar & American Bank Stocks Decline

Despite good economic data, investors are getting suspicious of the US economy.

Economic News
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Dollar & American Bank Stocks Decline

Earlier today the US dollar stopped its upwards movement against other currencies. The price of stocks of American banks also fell; both of these events were the result of increasing doubts regarding President Trump’s tax reform.

The markets appear to have reacted to news that changing the American tax system will likely take longer than anticipated, if it happens at all. Trump’s proposal still faces disapproval by both Democrats and a significant part of Republicans in Senate as well. Furthermore, the current proposal is incomplete and the administration still has to work out a more specific plan to organize the tax reform, before Senate can vote on it.

In the current economic climate of the United States some investors are suggesting that despite the all-around positive statistics, there could actually be difficult times for the economy coming. Bonds yields in the US, as well as Europe, have lately been turning towards flat trends. The discrepancy between the Federal Reserve, who is determined to increase interest rates in December, and the flattening bond yields is a signal that analysts doubt we would continue to see such strong economic reports from the US.

SuperForex
Policy Affects Oil Quotes

Economic News

Policy Affects Oil Quotes

Oil prices reached a 2-year high.

SuperForex
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The Dollar Index at Weekly Highs

Economic News

The Dollar Index at Weekly Highs

Donald Trump is on a working visit to South Korea.

SuperForex
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USD Rising Steadily

Economic News

USD Rising Steadily

All major currencies seem to be losing to the dollar, despite tax reform struggles.

SuperForex
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