US dollar eases from highs on Trump tax plan disappointment

0
585


By www.businesstimes.com.sg
The US dollar shed gains against major rivals on Wednesday after a White House tax reform announcement was viewed as lacking in new details, while the peso and Canadian dollar sank on reports that the US is considering withdrawing from the North American Free Trade Agreement.
US President Donald Trump’s plan would cut the income tax rate paid by public corporations to 15 per cent from 35 per cent and reduce the top tax rate assessed on pass-through businesses, including small partnerships and sole proprietorships, to 15 per cent from 39.6 per cent.
The US dollar hit its highest level of the month against the yen of 111.77 yen just before the plan’s unveiling, but pared gains after the announcement and last stood little changed against the Japanese currency at 111.15.
Read the Full Article at www.businesstimes.com.sg >>>>

ATTENTION READERS

We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous articleThe 5 high-paying jobs expecting the biggest hiring boom in the next 10 years
Next articleThe Best Employers For Veterans