Daily Morning Report 19.07.2017

The dollar remained in the doldrums near multi-month lows Wednesday after the failure of the U.S. healthcare reform bill.

The failure of the Republicans to muster enough support to pass the healthcare bill has sown doubts about the Trump administration’s economic agenda.

That added to pressure on the greenback after Fed Chair Janet Yellen last week suggested a more cautious approach to U.S. tightening.

The euro edged lower but held onto the $1.15 mark ahead of the ECB policy decision Thursday.

Elsewhere the pound was steady at the $1.30 mark as easing inflation reduced pressure on the BoE for a rate hike.

The dollar steadied against the yen around the 112 mark after falling below that level.

The BoJ concludes its monetary policy meeting on Thursday.