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Dollar gains on U.S. tax cut progress; Brexit deal eyed

Reuters  |  SYDNEY 

By Swati PandeySYDNEY (Reuters) - The U.S. dollar bounced to a two-week top on Monday and S&P futures jumped as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in the world's largest economy.Pointing to a firm start for European shares, FTSE futures were up 0.7 percent. Traders will be focusing their attention on a meeting scheduled for British Prime Minister Theresa May and EU Commission President Jean-Claude Juncker to work on a Brexit deal.The euro slipped 0.15 percent, while the British pound was steady amid media ...

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First Published: Mon, December 04 2017. 12:04 IST