You are here: Home » Reuters » News
Business Standard

Global Markets: Tax deal sends dollar higher, Wall Street set for strong day

Reuters  |  LONDON 

By Sujata RaoLONDON (Reuters) - The dollar jumped on Monday versus the currencies of most other developed and emerging nations while Treasury yields rose and Wall Street was primed for a another record-setting day after the U.S. Senate voted to approve a wide-ranging tax overhaul.The British pound was the other currency mover of the day, rising on expectations the United Kingdom would soon reach a deal on some of the terms of its planned exit from the European Union.But markets reacted broadly to the Senate's approval on Saturday for the biggest tax law change since the 1980s, taking ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, December 04 2017. 18:19 IST