Sentiment Buoyed by US Tax Reform Plan

Risk appetite was supported by the US tax plan announcement. While the details of the plan had been leaked, the market was thrilled as the plan is supported by the “Big 6”, signaled more political hurdles have been overcome. Wall Street rose, so as the greenback and Treasury yields. The DJIA gained +0.3% while the S%P 500 index was up +0.4% for the day. US dollar gained with the DXY index adding +0.42%.

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Sentiment Buoyed by US Tax Reform Plan