Sterling had a rough day following a dovish...>

FOREX: Sterling had a rough day following a dovish rate hike by the BOE with

sterling dropping 1%. The US dollar had a mixed day ahead of the FED nominee

announcement and the release of tomorrows NFP. The release of the GOP tax plan

initially saw pressure on the dollar, as Trump and Mnuchin commented on the plan

the dollar pared back its losses.

-AUSSIE: The pair opened the NY session just under $0.7700 and grinded to

$0.7710 following BOE dovish hike putting pressure on gbp/aud.

- As the House GOP released its tax plan, the greenback came under pressure with

the pair spiking to session highs of $0.7730 before the dollar pared losses.

- Yen: Sharp pullback in the dollar following the corporate tax headlines saw

the pair move through Y114.00 with sharp slippage extending to Y113.54.

- The dollar pared back its losses as US tsys yields firmed through the

afternoon with rate grinding back over Y114.10.

- Euro: Broad based dollar selling in reaction to "House GOP tax plan would cut

corporate tax rate to 20%", the rate spiked from $1.1660 to a fresh intraday

high $1.1687 before fading as the dollar pared losses.