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U.S. dollar declines on failed healthcare bill

Source: Xinhua   2017-03-28 04:30:16

NEW YORK, March 27 (Xinhua) -- The U.S. dollar fell against most major peers on Monday as investor sentiment was dented after the House pulled a key healthcare bill ahead of a vote last Friday.

House Republicans pulled their healthcare bill on Friday as they failed to get enough support for it, throwing the future of one of their top legislative priorities into serious doubt.

The House vote is crucial for U.S. President Donald Trump's agenda. Trump had said the repeal and replacement of Obamacare must happen before action can be taken on his other plans, including a major tax reduction.

Analysts said there appears to be growing concerns that Trump's tax reform, infrastructure spending and deregulation may take longer to pass than initially thought.

The dollar index, which measures the greenback against six major peers, was down 0.46 percent at 99.170 in late trading.

In late New York trading, the euro rose to 1.0873 dollars from 1.0781 dollars in the previous session, and the British pound climbed to 1.2572 dollars from 1.2512 U.S. dollars in the previous session. The Australian dollar inched down to 0.7616 dollar from 0.7630 dollar.

The U.S. dollar bought 110.47 Japanese yen, lower than 111.11 yen of the previous session. The U.S. dollar decreased to 0.9846 Swiss franc from 0.9930 Swiss franc, and it climbed to 1.3382 Canadian dollars from 1.3345 Canadian dollars.

Editor: yan
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Xinhuanet

U.S. dollar declines on failed healthcare bill

Source: Xinhua 2017-03-28 04:30:16
[Editor: huaxia]

NEW YORK, March 27 (Xinhua) -- The U.S. dollar fell against most major peers on Monday as investor sentiment was dented after the House pulled a key healthcare bill ahead of a vote last Friday.

House Republicans pulled their healthcare bill on Friday as they failed to get enough support for it, throwing the future of one of their top legislative priorities into serious doubt.

The House vote is crucial for U.S. President Donald Trump's agenda. Trump had said the repeal and replacement of Obamacare must happen before action can be taken on his other plans, including a major tax reduction.

Analysts said there appears to be growing concerns that Trump's tax reform, infrastructure spending and deregulation may take longer to pass than initially thought.

The dollar index, which measures the greenback against six major peers, was down 0.46 percent at 99.170 in late trading.

In late New York trading, the euro rose to 1.0873 dollars from 1.0781 dollars in the previous session, and the British pound climbed to 1.2572 dollars from 1.2512 U.S. dollars in the previous session. The Australian dollar inched down to 0.7616 dollar from 0.7630 dollar.

The U.S. dollar bought 110.47 Japanese yen, lower than 111.11 yen of the previous session. The U.S. dollar decreased to 0.9846 Swiss franc from 0.9930 Swiss franc, and it climbed to 1.3382 Canadian dollars from 1.3345 Canadian dollars.

[Editor: huaxia]
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