US dollar is decreasing in anticipation of the Trump speech
On Tuesday during the Asian trading session, the US dollar has slightly decreased in anticipation of the Donald Trump speeches. By 9:00 AM GMT the US dollar index was decreased by 0.1%, reaching the 101,12 level against a six major currencies basket. It must be mentioned that at today’s speech in Congress Donald Trump is going to announce the details of the tax reform in the United States.
Yesterday, the US President called for increasing of the military expenditure, which caused a slight increase of the US dollar. However, today, judging by the small US dollar decrease, investors took a wait in a hope that the Trump’s performance will clarify the main points of his fiscal policy.