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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 ...

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