"The dollar slid to a four-month low against a basket of currencies on Monday as investors weighed the prospects of a U.S. fiscal spending boost under President Donald Trump after his failure to push through a key healthcare reform bill.
Trump's inability to deliver on a major election campaign pledge marked a big setback for a Republican president whose own party controls Congress, and raised doubts over whether he will be able to see through tax reforms and a big spike in spending.
The dollar was down 0.5 percent on the day against the basket of other major currencies used to measure its broader strength .DXY. At 99.038 in early London trade, the index had been at its lowest since three days after Trump was elected in November, before recovering to 99.132 by 1145 GMT.
http://www.reuters.com/article/us-global-forex-idUSKBN16X135
Trump's inability to deliver on a major election campaign pledge marked a big setback for a Republican president whose own party controls Congress, and raised doubts over whether he will be able to see through tax reforms and a big spike in spending.
The dollar was down 0.5 percent on the day against the basket of other major currencies used to measure its broader strength .DXY. At 99.038 in early London trade, the index had been at its lowest since three days after Trump was elected in November, before recovering to 99.132 by 1145 GMT.
http://www.reuters.com/article/us-global-forex-idUSKBN16X135