Risk sentiment has gone into reverse as potential for a US government shutdown looms overhead and the impetus from tax reform is waning. Since tax reform was passed in the Senate, aside from a brief kick to the upside, the US dollar has largely been in consolidation mode. Tax reform is not done yet, with House and Senate Republicans still needing to reconcile different tax reform proposals. It is almost as though the dollar bulls remain shackled and are in wait and see mode. This comes as there seems to be a slip into risk-off mode on global markets. Profit-taking seems to have taken over in equities, perhaps with a ... (full story)