US House panel approves Trump tax cut bill, a possible vote on passage this week
A key congressional committee, the House panel, approved President Donald Trump’s tax cut bill early Monday, paving the way for possible passage in the House of Representatives later this week.
"The deliberations continue at this very moment. They will continue on into the week, and I suspect, right up until the time we put this big, beautiful bill before the House," House Budget Chairman Jodey Arrington said.
Market reaction
The US Dollar was last seen trading 0.30% lower on the day at 100.80.
US Dollar PRICE Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Euro.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.22% | -0.10% | -0.12% | -0.04% | -0.16% | -0.19% | -0.14% | |
| EUR | 0.22% | -0.15% | -0.06% | 0.00% | -0.05% | -0.14% | -0.15% | |
| GBP | 0.10% | 0.15% | -0.21% | 0.15% | 0.09% | -0.01% | -0.00% | |
| JPY | 0.12% | 0.06% | 0.21% | 0.05% | 0.09% | 0.10% | 0.00% | |
| CAD | 0.04% | -0.01% | -0.15% | -0.05% | -0.11% | -0.18% | -0.16% | |
| AUD | 0.16% | 0.05% | -0.09% | -0.09% | 0.11% | -0.09% | -0.09% | |
| NZD | 0.19% | 0.14% | 0.00% | -0.10% | 0.18% | 0.09% | -0.00% | |
| CHF | 0.14% | 0.15% | 0.00% | -0.00% | 0.16% | 0.09% | 0.00% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
