- Dollar got support as Powell and Taylor became the two main candidates on the race to the next Fed Chairman; Yellen’s chance is faded. Powell has tendency to be neutral but slightly hawkish than Yellen, while Taylor is known as much more hawkish
- Dollar rose on Friday as hopes for US tax reforms were boosted after the Senate aproved a budget measure that will allow Republicians to pursue tax cuts without Democratic support. Getting the budget bill passed was the most meaningful progress for Trump since taking office.
- Election outcome strengthens expectations for BOJ governor Kuroda’s reappointment or somebody with similar stance being selected as next governor to extend current unprecedented monetary easing
Trading idea: Long 113.8 sl 113.2 tp 115
MSc International Management at University of Exeter - UK
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