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GOP tax reform is going to give the dollar a boost, Bank of America says

The dollar has fallen 8% this year against a basket of other G10 currencies. But it's poised for a rebound in 2018 if the GOP tax plan passes, according to Bank of America Merrill Lynch. Right now, the market is pricing in "almost nothing" on taxes. Tax cuts would lift economic growth, prompting the Federal Reserve to raise rates faster than it expects, the firm's FX strategists said.
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