NEW YORK, Nov. 10 (Xinhua) -- The U.S. dollar rose against most major currencies Friday, as investors still digested the Senate Republican tax plan.
Senate Republicans on Thursday unveiled a plan to overhaul the U.S. tax code that contains key differences from a comparable House tax plan.
The Senate bill would delay a corporate tax rate cut from 35 percent to 20 percent until 2019.
Republicans in the U.S. House of Representatives last week unveiled the long-awaited bill to overhaul the U.S. tax code in decades by significantly cutting individual and corporate income taxes.
It would reduce the number of personal income tax brackets from seven to four, while keeping the top individual income tax rate at 39.6 percent. It would also cut the corporate income tax rate to 20 percent from 35 percent.
In late New York trading, the euro increased to 1.1660 dollars from 1.1644 dollars in the previous session, and the British pound increased to 1.3200 dollars from 1.3151 U.S. dollars in the previous session. The Australian dollar lost to 0.7659 dollar from 0.7681 dollar.
The dollar bought 113.56 Japanese yen, higher than 113.26 yen of the previous session. The U.S. dollar rose to 0.9962 Swiss franc from 0.9939 Swiss franc, and it was up to 1.2686 Canadian dollars from 1.2674 Canadian dollars.
