Trump

One week after I warned that the US House of Representatives tax plan would be a disappointment for the US dollar due to a lower than expected tax incentive aimed at encouraging US firms to repatriate cash into the US, more disappointment emerged yesterday. This time from the Republican senators, who will officially delay the reduction of corpor...

2018-01-25 Ashraf Laidi Read more
US Dollar

The tax reform bill, unveiled Thursday by US Republican House Representatives may not be the piece of news long anticipated by currency traders favouring the US dollar. The bill imposes a one-time 12% tax on US companies’ accumulated earnings held outside the US, a cut from the 35% tax currently applied to their global earnings as well as their...

2017-12-12 Ashraf Laidi Read more
Trump_State ofthe union speech

USD Soft Ahead of Key Trump Speech Last week saw the US Dollar coming under selling pressure on the back of comments by Treasury Secretary Mnuchin who highlighted his willingness to pass tax reforms ahead of the August recess, though did note that he recognised the risk of delay. Mnuchin also played down the potential impact of Trump’s policies...

2017-03-03 James Harte Read more