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US House passes sweeping tax legislation, sending measure to senate - Reuters

"The Republican-controlled House of Representatives took a major step toward the first U.S. tax overhaul in a generation on Thursday, by passing a comprehensive package of tax cuts for businesses and individuals," Reuters recently reported.

The market reaction to this development was virtually non-existent. The US Dollar Index is at 93.80, up 0.1% on the day.

Fed's Kaplan: There's no question cyclical pressures on inflation are building

Dallas Federal Reserve Bank President Robert Kaplan is delivering additional comments, with key quotes, via Reuters, found below. Open-minded on upc
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USD/JPY off lows, still under 113.00 after US House passes tax cuts bill

The USD/JPY pair peaked during the European session at 113.33 and then pulled back below 113.00. The recovery was short-lived and at the moment...
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