Market News
Dollar trades sideways before tax vote, Aussie falls after RBA - REUTERS
TOKYO, May 20 (Reuters) - The dollar traded sideways on Tuesday after declining for a week, hemmed in by the Federal Reserve's caution over the economy and as U.S. lawmakers came closer to passing a bill expected to widen the nation's fiscal deficit.
The greenback sold off broadly on Monday following last week's downgrade of the U.S. sovereign rating by Moody's on deficit concerns. Now attention turns to a critical vote in Washington over U.S. President Donald Trump's sweeping tax cuts.
