The US dollar exchange rate against most of the major currencies at the end of trading on Tuesday (14/11) or Wednesday (15/11) morning, due to uncertainty about the proposed tax reform and economic ability to rise interest rates further.
This shortfall could be postponed until 2019. In addition, investors are also worried about an interest rate hike, analysts said.
Expectations for rate hikes in December were at 96.7 percent, according to FedWatch CME Group tools. The US dollar index, which measures the greenback against six major currencies, fell 0.72 percent to 93.812 in late trading.
In late New York trading, the euro rose to 1.1795 dollars from 1.1668 dollars in the previous session, and the British pound rose to 1.3170 dollars from 1.3116 dollars in the previous session. The Australian dollar strengthened to 0.7635 dollars from before at 0.7625 US dollars.
The US dollar bought 113.38 Japanese yen, down from 113.62 yen in the previous session. The US dollar also became 0.9893 Swiss francs from 0.9961 Swiss francs, and reached 1.2731 Canadian dollars from 1.2728 Canadian dollars in the previous session.
