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October 10, 2017
Politics remains very much in focus as we begin the week with the US Dollar weakening as concerns emerge over U.S. tax reform. In particular, President Trump’s feud with Republican Senator Bob Corker is threatening to unravel the White House’s plans on tax reform as the administration risks alienating other key Republican lawmakers required to pass the bill. The US Dollar weakened across the entire G10 basket as this latest development threatens to seal Trump’s fate as an ineffective leader. Of some importance today, Federal Reserve Bank of Minneapolis President Neel Kashkari, a dove and candidate for next Fed Chair, is scheduled to speak at a conference today.

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