USD: failure to get health care bill through Senate weakens weighs on dollar

Monday night’s news surrounding the US health care bill – where two Republican Senators voted against – and its failure to get through the Senate weakened the dollar. Donald Trump’s repeated failure to repeal Obamacare has been dubbed a ‘monumental failure’.

This certainly hasn’t done him – or the dollar – any favours and, again, casts doubt on the President’s future and the projects he promised during the election campaign.

The day ahead looks fairly quiet but political changes are likely to drive the dollar market once more. Markets will be especially interested in any indicators towards changes in monetary policy.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.