The euro’s first attempt to break above 1.19 has failed since November 29. The U.S. dollar seems to have no enthusiasm for the tax bill. EUR/USD, GBP/USD, and AUD/USD all moved higher. Although the stock market has been very excited about the passage of the tax reform bill, the U.S….
Day: December 20, 2017
The Euro Is Near 1.19
Houston listened. The euro broke away from 1.1850. Yesterday, the EUR/USD advanced to 1.1833 and then it stalled. Later in the day, it was stuck at 1.1850. The U.S. tax bill approval looks priced in as the euro is trading higher none the less. The reactions to the tax bill…