### POV: As the market awaits the Senate......>

FOREX: ### POV: As the market awaits the Senate House vote on tax reform, the

general consensus is the vote will pass. In recent weeks any positive news on

the tax reform passing has seen dollar demand across the board.

- However several senior FX traders think that this will be a case of "buy the

rumor, sell the fact" stating that they feel the vote passing has already been

factored into the price. 

- Another source has stated that initially we may see a short burst of dollar

demand but he believe it will be short lived and would look to sell any rallies

in the dollar.

- The vote is expected to go to the floor some time after 2PM EST.