Market participants were focused on President Trump's tax reforms' plan yesterday and the stakes were high for the US President to provide the guidelines for an initiative designed to support US growth across all sectors.
Dollar had a mixed session over the past 24 hours in expectation of Trump's announcement on his tax reform initiative, the US currency posted gains against the risk-off Yen and Gold instruments but failed to weigh down on Euro and Pound.
April 25 2017
The US Dollar is advancing against its peers at the beginning of the week while paring its losses against the Euro and the Pound as investors are digesting the result of the French elections; market participants are shifting their focus on Trump's expected tax reforms announcement tomorrow pushing the US currency higher.
The Euro was in focus throughout last week with the French elections making headlines as the race was indeed to the finish line; the 4 front-runners jousted to the end and Emmanuel Macron and Marie Le Pen made it to the second round.