Financial Forecast, Nov 13

Published: Nov 13, 2017 08:29

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USD was affected by the tax reform last week, closed at 94.37 last week, a 0.14% decline with the lowest point 94.243.

SHANGHAI, Nov 13 (SMM) - In spite of the limited statistics, two numbers of October will be released today: China’s volume of social financing and M2 money supply. USD was affected by the tax reform last week. Senate postponed the tax reform for enterprise and USDX closed at 94.37 last week, a 0.14% decline with the lowest point 94.243. Attention should be paid on details of US tax reform, the main factor that influences USD’s trend. USD may be on a gradual decline. Metals’ trends vary and the price may be in swing.

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USD US tax reform M2 supply

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