U.S. dollar rises after Trump promises major tax plan
Xinhua, February 10, 2017 Adjust font size:
The U.S. dollar rose against most major currencies on Thursday on news that U.S. President Trump will release comprehensive tax plan in the next few weeks.
Trump said in a meeting with U.S. airline executives Thursday that he would make major announcement on his tax plan over the next two to three weeks, according to media reports.
The dollar index, which measures the greenback against six major peers, increased 0.32 percent at 100.600 in late trading Thursday.
In late New York trading, the euro declined to 1.0661 dollars from 1.0688 dollars in the previous session, and the British pound dropped to 1.2501 dollars from 1.2530 U.S. dollars in the previous session. The Australian dollar decreased to 0.7629 U.S. dollar from 0.7637 U.S. dollar.
The U.S. dollar bought 113.20 Japanese yen, higher than 112.06 yen of the previous session. The U.S. dollar climbed to 1.0011 Swiss francs from 0.9953 Swiss francs, and it edged down to 1.3136 Canadian dollars from 1.3158 Canadian dollars. Enditem