You are here: Home » Reuters » News
Business Standard

U.S. tax cuts to eventually underpin dollar, but may sink in meantime; Reuters poll

Reuters  |  BENGALURU 

By Hari KishanBENGALURU (Reuters) - The U.S. dollar is set to lose a bit more ground against other major currencies next year, challenging a view among most foreign exchange dealers that aggressive tax cuts just passed by the Senate will have a positive effect on the currency.The latest monthly Reuters poll, taken Dec 4-6, found a slight majority of currency strategists who answered an extra question thought that if the final bill looks similar, it ought to support the dollar beyond a year from now too.Still, the forecasts collected this week on how the dollar will perform were notably ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, December 08 2017. 00:03 IST
RECOMMENDED FOR YOU