A very quiet NY session with the dollar.......>

FOREX: A very quiet NY session with the dollar bouncing around with no real

direction. Towards the end of the NY session we witnessed the dollar receive a

boost as the US house passed President Trump's Tax bill.

- Aussie: The pair did remain under pressure through the crosses throughout the

NY session, however the rate stayed in a very tight NY range of $0.7583-0.7602.

-Yen: The break back under Y113.00 with added weight via UST yields

triggered fresh supply to extended pullback lows of Y112.74.

- A wave of dollar demand as the house passed the proposed tax plan

by President Trump. The rate jumped back over Y113.00.

-Euro: Continues its slow grind lower, following the break below its

earlier Asian low of $1.1769, with reported algo stops fired off on break of

$1.1767 with the rate dropping to fresh lows of $1.1757 just ahead of NY.

- Along with others pairs a very muted session with the rate trading in a tight

NY range of $1.1757-1.1785. The only excitement was Trumps tax plan getting

passed by the house with the rate dropping from $1.1777 to $1.1760 into the NY

close.