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Dollar looks to recover with Trump’s tax plan back in play
With the dollar back into recovery mode and now looking towards a crossroads of what would be a significant change in outlook, US inflation could be the trigger. The weakness of the dollar throughout 2017 has been on the disappointment of Trump’s failure to achieve tax reform or fiscal stimulus, but also the concerns over subdued US inflation. The expectation for a Fed hike in December have been seriously questionable however if these two key factors of tax reform and US inflation that have driven dollar weakness can be turned around, then the dollar may be able to drive a sustainable recovery. The intraday dollar ... (full story)
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