Trade Magnates -U.S. Dollar rose higher against the majors on Friday on hopes for a major U.S. tax reform and next head of Federal Reserve expectations.
The U.S. senate approved late Thursday a budget blueprint for the 2018 fiscal year which has pushed the prices of the U.S. Dollar higher. Meanwhile, president Trump is still making his decision on who will be the next head of Federal Reserve following the current Chair Janet Yellen, the President is set to meet Yellen on Thursday. EURUSD is trading at 1.1806, GBPUSD at 1.3112, USDJPY at 113.25 and USDCHF at 0.9815.
Investors are keeping their eye on who the next Federal Reserve is considering their investment decisions.