The dollar attempts to recover amid anticipation of important American data

The dollar attempts to recover amid anticipation of important American data

• The U.S. House of Representatives passes the new tax bill

• The market is awaiting new evidence regarding U.S. interest rate cuts

The U.S. dollar rose in the European market on Thursday for the first time in the last four days against a basket of global currencies, as part of attempts to recover from a two-week low, driven by buying activity from low levels.

This comes amid rising expectations as fears of financial stability in the United States decline, especially after the Republican-controlled U.S. House of Representatives approved the tax bill imposed by Trump and sent it to the Senate.

Investors are looking forward to the release of important economic data from the United States today, searching for new evidence regarding the likelihood of U.S. interest rate cuts at least twice before the end of this year.