US dollar falls on tax reform caution
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London
THE dollar dipped against a basket of major currencies on Monday amid doubt whether a proposed US tax reform programme would have a major impact on economic growth, after the bill moved another step closer to ratification over the weekend.
The US currency had edged higher after Republicans on the House-Senate negotiating committee on Friday put the finishing touches to a sweeping tax overhaul that involves large cuts in levies on corporations.
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