Proposed Tax Plan Affects U.S. Dollar And Bonds- 27 September, 2017

The uncertainty of the U.S. economy and the Trump Administrations tax-cut plan caused global bonds to decline and pushed Treasury yields with the dollar higher. The tax-cut plan would allow companies a five year write off of capital expenditures, while the possibility of a one-time reparation tax helped capital inflows push the dollar higher. The Dollar also rose to a two month high at an increase of 0.2 percent.