US House passes sweeping tax legislation, sending measure to Senate - Reuters

Eren Sengezer FXStreet

"The Republican-controlled House of Representatives took a major step toward the first U.S. tax overhaul in a generation on Thursday, by passing a comprehensive package of tax cuts for businesses and individuals," Reuters recently reported.

The market reaction to this development was virtually non-existent. The US Dollar Index is at 93.80, up 0.1% on the day.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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