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December 01, 2017
The Greenback pared gains after the US Senate delayed voting on the tax bill until 11 am today with the US 10-year yield trading south of 2.4%. Commodity currencies are supported as oil extends gains after OPEC agreed to prolong production cuts through the end of 2018 with Russia on board after seeming hesitant. Despite strong manufacturing data, Sterling is the weakest link, trading near 1.35 following a run up to 1.3550 this week as the market takes heed on Brexit developments, namely EU’s Monday deadline for PM May to present a solution to avoid a hard border in Ireland and an improved offer on the divorce bill.


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