Dollar Index Update on 08 November 2017

US PRE MARKET

The US Dollar Index are trading at 94.82  with a loss of -0.02% percent or -0.02 point. The cac 40 index are trading at 5,466.55 with a loss of –0.26% percent or –14.09 point . The DAX Index are trading at 13,365.83  with a loss of –0.11% percent or –14.69 point. The EURO Stoxx 50 Index are trading at 3,649.85 with a loss of –0.24% percent or –8.92 point

TODAY’S FACTORS AND EVENTS

The dollar slipped broadly on Wednesday, hurt by a media report that suggested the implementation of a centerpiece corporate tax cut under discussion in U.S. tax reforms plans could be delayed.

The Washington Post, citing unidentified sources, reported on Tuesday that Senate Republican leaders are considering a one-year delay in the implementation of a major corporate tax cut to comply with Senate rules.

The dollar had risen to a three-month high against a basket of currencies late in October, helped by expectations that reforms initiated by U.S. President Donald Trump’s administration would deliver tax cuts, boost the economy and lift interest rates.

PREVIOUS DAY ACTIVITY

U.S. market were higher on Tuesday. For the day the Dow Jones Industrial Average closed at 23,557.23 for up with +0.04% percent or +8.81 point. The S&P 500 closed at 2,590.64  with a loss of –0.02% percent or – 0.49 point. The Nasdaq Composite closed at 6,767.78  with a loss of  –0.27% percent or –18.65 point.

Other leading market index closes included the small-cap Russell 2000 Index closed at 1,479.09 with a loss of -1.26% percent or –18.87 point; the S&P 600 Small-Cap Index closed at 893.07  with a loss of –1.07% percent or  –9.67 point; the S&P 400 Mid-Cap Index closed at 1,830.62  with a loss of –0.69% percent or  –12.74 point; the S&P 100 Index closed at 1,144.14 for up with  +0.03% percent or +0.37 point; the Russell 3000 Index closed at 1,532.14 with a lossof  –0.16% percent or –2.48 point; the Russell 1000 Index closed at 1,434.98  with a loss of  –0.07% percent or –1.03 point; and the Dow Jones U.S. Select Dividend Index closed at 23,557.23 for up with +0.04% percent or +8.81 point.

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