[nL2N1H10CS] With a risk-averse mood across markets, the greenback has slipped about 1.3 percent against the yen this week <=JPY>. "Maybe just lifting the uncertainty premium has markets breathing a sigh of relief for now," Issa said. If there is a pivot to taxes from healthcare, the market has to see the plan," Paresh Upadhyaya, director of currency strategy, Pioneer Investments, in Boston. On Friday, it was up 0.31 percent at 111.27 yen. "If this stronger dollar has legs, it depends on the next step.
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FOREX-Dollar weak as investors await U.S. healthcare vote
"If healthcare does not pass I don't think it's USD negative," Brad Bechtel, managing director at Jefferies in New York, said in a note. With a risk-averse mood across markets, the greenback has slipped about 1.7 percent against the yen this week. Sterling fell against the dollar and euro from the previous session's one-month highs, as investors braced for Britain to begin next week the formal process of leaving the European Union. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.14 at 99.62. Failure to pass the proposal would hurt the dollar, at least temporarily, Trevisani said.
Dollar edges lower ahead of U.S. healthcare vote
The healthcare vote is seen by investors as a test of his ability to implement key campaign promises such as tax reform and infrastructure spending. The U.S. Commerce Department said durable goods orders increased by 1.7% last month, compared to' expectations for a gain of 1.2%. Core durable goods orders, which exclude volatile transportation items, rose by 0.4% last month, slightly below forecasts for a 0.4% gain. Investing.com -Investing.com - The dollar edged lower against other major currencies on Friday, after the release of tepid U.S. durable goods orders data and as investors remained cautious ahead of a highly-anticipated vote on U.S. President Donald Trump's healthcare bill scheduled later in the day. The report came shortly after data showed that German private sector growth hit its strongest level in nearly six years.
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