Aozora Bank: Market Participants and Tax Relief

aozora bank: Some profit-taking on the dollar's recent surge weighed on the U.S. currency, according to Market Watch. Market participants are now reluctant to keep buying the dollar after having lifted it since the U.S. presidential election in early November. Trading was thin because participants in many countries were away for public holidays. The ascent was driven by speculation that President-elect Donald Trump will boost fiscal spending and introduce tax cuts, including possibly tax relief for U.S. companies repatriating earnings held overseas. If he can works well with Congress, more dollar-buying is likely, said Akira Moroga, joint general manager of market products division at Aozora Bank. Market participants are now watching to see if Trump would indeed take steps to improve the U.S. economy. (news.financializer.com). As reported in the news.