Upward dollar movement from tax could aid consumers, hurt exporters - U.S. Treasury's Mnuchin

United States Secretary of the Treasury, Steve Mnuchin is crossing the wires:

  • Studying border tax proposal closely; upward dollar movement from tax could aid consumers, hurt exporters
  • Corporate tax rate "has to be competitive"; believes that hedge funds should be taxed
  • Trump objective for tax reform is tax cut for middle class, not top one percent
  • One major risk to global economy, markets, is terrorism; Trump focused on fighting terrorism

GBP/USD keeps red below 1.25 handle post US data, House vote awaited

The GBP/USD pair had a muted reaction and maintained the bearish trading bias below the 1.25 psychological mark following the release of US durable go
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EUR/USD: Potential of the technical pattern is at 1.13 - SocGen

Analysts at Societe Generale explains that late last year, EUR/USD hit the lower bound of a descending channel drawn since 2015 at 1.0350/1.03, and si
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