The dollar slipped lower against other major currencies on Friday, as investors were still waiting for positive news on a highly-anticipated U.S. tax reform bill.
Sentiment on the greenback remained vulnerable after the US Senate on Thursday evening delayed a vote on the tax reform bill until Friday as a key element of the bill still needed to be debated.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 92.92 by 02:05 a.m. ET (06:05 GMT).
EUR/USD edged up 0.10% to 1.1915, while GBP/USD eased 0.08% to trade at 1.3518m just off a two-month high of 1.3550 hit overnight.
The single currency was supported by hopes of progress on the German political front after Chancellor Angela Merkel's party held talks late Thursday with centre-left Social Democrats (SPD) to facilitate the formation of a government coalition.
Meanwhile, hopes of a positive outcome to ongoing Brexit negociations continued to lend broad support to the pound.
Elsewhere, the yen was fractionally lower, with USD/JPY up 0.08% at 112.63, while USD/CHF held steady at 0.9837.
The Australian and New Zealand dollars were little changed, with AUD/USD at 0.7562 and with NZD/USD at 0.6826.
Meanwhile, USD/CAD slipped 0.17% to trade at 1.2874, just off the previous session's one-month peak of 1.2910.
Bloomberg
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