The dollar fell against a basket of currencies on Friday and headed for the biggest weekly drop in a month on investor disappointment that a part of a major tax reform in the United States could be delayed until 2019, Last.
The dollar index, which tracks the performance of the greenback against six major currencies, fell 0.08 percent to 94.37. On a weekly basis, the index fell 0.6 percent on its worst weekly performance since the week ending October 13.
The dollar also lost 0.5 percent against the Japanese currency this week.
Republicans in the US Senate unveiled a tax plan on Thursday different from the House version on several fronts, including tax deductions.
In complicating Republicans' tax reform efforts, senators said that, like the House of Representatives, they want to cut corporate tax rates to 20 percent from 35 percent, but in 2019.
The dollar index has risen 3 percent since mid-September and until the end of last week, backed by hopes of a tax cut.
Sterling ended the week higher, jumping half a percent against the dollar on Friday as the British currency received support from better-than-expected data on the British industry and increased confidence in the progress made on the British secession talks.
Sterling was up 0.37 percent at $ 1.3197.
NEW YORK (Reuters) -
