The precious metal, gold, trades near 1-week highs today, amid the uprising concerns over the tax reform schemes in the U.S. placing tremendous weight on the greenback while the markets still digest the FED's latest policy decision.
The British currency, the sterling, gave up gains today following the Bank of England's decision in keeping interest rates on hold.
The U.S. dollar declined versus its major counterparts today, amid the investors and the traders waiting for the FED meeting this week, upon the New Zealand dollar hitting to 1-month highs following the new central bank's appointment.
Oil dropped today, following last week's appreciation of the U.S. rig count pointing a resumption in the increase of production, possibly undermining the OPEC's efforts for tightening markets.
The U.S. dollar is trading at 2 1/2 week highs versus its major counterparts on Friday, amid the increase in optimism over the tax reform plan in the U.S. as the investors and the traders focus on the employment data release.
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