Currencies: Dollar softens, pulling back off one-month high

The dollar weakened, pulling back from a one-month high, in downbeat Thursday action as investors assessed details of President Donald Trump’s tax-overhaul initiative, which yesterday had helped to boost the greenback.

Where are currencies trading?

The ICE U.S. Dollar Index DXY, -0.33% which measures the buck against a basket of six major rivals, eased less than 0.3% to 93.122, after trading Wednesday at around the highest levels since Aug. 23, according to FactSet data. The index had risen for three straight days through Wednesday. The WSJ U.S. Dollar index BUXX, -0.29% which compares the dollar against 16 other currencies, eased 0.3%, to 86.29.

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