Dollar slides amid doubts over Trump tax reforms
Healthcare setback fuels wider concerns over Trump plans
The U.S. dollar hovered near a 10-month low against a basket of currencies on Wednesday but investors were wary of pushing it lower before major central bank meetings.
Both the European Central Bank and the Bank of Japan are meeting this week and market watchers are wary that the recent strength in the euro and the yen may prompt them to strike a dovish stance, prompting a rebound in the dollar.
The dollar has moved a fair bit in a very short period of time against these currencies and any hint of dovishness may trigger a sharp rebound.
The dollar has come under pressure as Republican legislators' failure to pass a stalled healthcare bill raised fears for the rest of President Donald's Trump reform agenda.
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The U.S. dollar hovered near a 10-month low against a basket of currencies on Wednesday but investors were wary of pushing it lower before major central bank meetings.
Both the European Central Bank and the Bank of Japan are meeting this week and market watchers are wary that the recent strength in the euro and the yen may prompt them to strike a dovish stance, prompting a rebound in the dollar.
The dollar has moved a fair bit in a very short period of time against these currencies and any hint of dovishness may trigger a sharp rebound.
The dollar has come under pressure as Republican legislators' failure to pass a stalled healthcare bill raised fears for the rest of President Donald's Trump reform agenda.
