Euro keeps falling ahead of Congress' healthcare law vote

Economies.com
2017-03-23 16:36PM UTC

Euro fell on Thursday for the second day in a row away from a seven-week high as markets await U.S. Congress' vote on the new healthcare law supported bu the Trump administration, which could send ripples through the markets. 

 

EUR/USD last traded at 1.0784, down from the opening of 1.0793, with a session-high at 1.0806, and a low at 1.0769. 

 

Euro traders await the Congress healthcare vote before making wider moves, and in case of its approval, it would open the door for passing more laws on corporate tax cuts and infrastructure spending. 

 

The dollar steadied today after slight gains earlier today, as U.S. unemployment claims rose past expectations last week, hurting the greenback and helping the euro stabilize. 

 

Fed Chair Yellen's speech today steered off the monetary policy, forcing the markets into sideways trading, while eyes remain fixed on the French presidential elections, as the Far Right candidate Marie Le Pen competes strongly on an anti-EU agenda. 

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