Dollar climes above 113 yen line on U.S. tax reform outlook

TOKYO, Dec. 20 (Xinhua) -- The U.S. dollar climbed above the 113 yen line on Wednesday after the U.S. Senate passed a tax reform bill which would slash income taxes for corporates and individuals while widening U.S. budget deficit and income inequality.

At 5:00 p.m., the dollar was quoted at 113.13-14 yen compared with 112.83-93 yen in New York and 112.51-52 yen in Tokyo at 5:00 p.m. Tuesday. It moved between 112.85 yen and 113.17 yen during the day.

The euro fetched 1.1841-1842 dollars and 133.96-134.00 yen against 1.1834-1844 dollars and 133.60-70 yen in New York and 1.1805-1807 dollars and 132.82-86 yen in Tokyo late Tuesday afternoon.