Trump’s Tax Policy Influences US Dollar

The US dollar is trading mixed against major currencies. At the beginning of trading in Asia, the dollar fell sharply as investors are concerned that the plan of President Donald Trump to revise taxes can be canceled. However, the US currency regained lost ground soon.

The mood of investors was influenced by the speech of the head of the Federal Reserve Bank of Dallas Robert Kaplan. The politician said that he is ready to discuss refusal of monetary stimulus measures and will monitor progress in the US labor market.