Investing.com - The dollar held steady against other majors currencies in subdued trade on Wednesday, as progress on a major U.S. tax reform bill offered no support to the greenback.
Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday.
The greenback showed little reaction after the House of Representatives on Tuesday approved the biggest U.S. tax overhaul in 30 years.
Due to procedural issues another vote later will take place on Wednesday, but it is still considered as a step closer to the implementation of a major U.S. tax overhaul.
The Senate vote was expected to follow on Thursday.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 93.09 by 05:15 a.m. ET (09:15 GMT).
The euro and the pound were steady, with EUR/USD at 1.1838 and with GBP/USD at 1.3392.
The yen and the Swiss franc were lower, with USD/JPY adding 0.26% to 113.17 and with USD/CHF up 0.20% at 0.9870.
Elsewhere, the Australian dollars was stronger, with AUD/USD up 0.17% at 0.7676, while NZD/USD held steady at 0.6976.
Meanwhile, USD/CAD slipped 0.10% to trade at 1.2867.