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Strong risk appetite after the Senate passes tax reform bill
The US dollar is looking very strong today as markets take account of the progress of the US tax reform bill which passed through the Senate over the weekend. Traders will be returning to work on Monday morning still with a sense of added volatility in major markets. The dollar will remain a key focus after the wild ride of volatility from Friday afternoon when news broke of Michael Flynn pleading guilty of lying to the FBI on his contact with Russia. The instant flight into safe haven assets (gold, yen and Treasuries all spiked higher) was short lived and markets unwound. However add to that, the Senate passing the ... (full story)