Investing.com - The dollar fell against other major currencies on Friday, as investors remain concerned about the progress of the U.S. tax reform vote.
Investors grew cautious after the U.S. 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.
However, the bill was seen like more likely to pass following an endorsement by Senator John McCain.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.33% at 92.66 by 11:25 AM ET (4:35 PM GMT).
EUR/USD gained 0.17% to 1.1923, while GBP/USD dropped 0.17% to trade at 1.3506, off a two-month high of 1.3550 hit overnight.
Data earlier showed that the UK manufacturing sector expanded at a faster rate than expected in November, amid progress in negotiations between the UK and European Union over Brexit.
The report came amid signs of progress in negotiations between the UK and the European Union.
Elsewhere, the yen rose against the dollar, with USD/JPY down 0.53% at 111.93 while USD/CHF decreased 0.38% to 0.9798.
The Australian and New Zealand dollar’s surged, with AUD/USD rising 0.81% o 0.7628, and NZD/USD surging 0.94% to 0.6895.