US$ slips on fears over tax reform trouble

London

THE US dollar slipped to a one-week low against the yen on Wednesday, weighed down by worries over possible delays to US President Donald Trump's tax reform plans, evidence of his waning popularity as well as lower Treasury yields.

The Washington Post, citing unidentified sources, reported on Tuesday that Senate Republican leaders are considering a one-year delay in the implementation of a major corporate tax cut to comply with Senate rules.