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USD Rallies as Market Anticipates Trump’s Tax Policies


Február, 10 2017
watermark Economic news

The USD traded within its session highs following Trump’s statement that his administration will soon be releasing updates with regards to its tax policies in the coming weeks, inducing some positivity in the market and leading to speculations that the US economy might benefit from fiscal stimulus and could also lead to an reignition of the Trump trade. The USD/JPY pair was able to maintain its place in its session highs and has created a ripple effect among other currency pairs after Trump’s officials stated that the currency devaluation issue will not be among the priorities listed in the impending meeting of Trump and Japanese PM Shinzo Abe.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.