American FX Outlook: US tax reform finale
|What you need to know
- Senators in the US are heating up for the final stage of political debate about the shape of the US tax reform.
- There are little-to-no events on macro data front on Friday after central banks-intensive week.
- The US Empire state manufacturing and industrial production headline Friday.
Friday’s market moving events
- The Bank of England bulletin will be published summarizing economic and financial markets development in the UK.
- The Bank of England chief economist Andy Haldane is set to speak at the International Rome Conference on Money, Banking, and Finance, in Palermo at 13:15 GMT.
- The Empire State manufacturing index is seen decelerating to 18.6 in December.
- The US industrial production is expected to rise 0.3% m/m in November after 0.9% in October.
Major market movers
- The NZ Dollar is a mover of the day jumping up on upbeat comments from New
- Zealand Finance Minister Robertson.
- The US Dollar trades steady against major counterparts as investors digest the Central banks heavy week ahead of Christmas week.
Earlier in Asia/Europe
- New Zealand Finance Minister Robertson said that he is "comfortable" with the trend in NZ dollar.
- The Eurozone trade balance reached a surplus of 18.9 billion EUR in October.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.