US stocks steady ahead of Fed minutes, tax vote; EUR/USD, GBP/USD in focus
US stock futures are trading flat as investors await clarity from the Federal Reserve's meeting minutes and the upcoming vote on President Trump's tax reform plan. The minutes could shed light on the Fed's views on inflation and the pace of future rate hikes. Meanwhile, the tax vote outcome may impact market sentiment and the US dollar. In the forex market, EUR/USD and GBP/USD are trading cautiously, with both pairs consolidating recent gains. Traders are closely monitoring political developments in Europe and the UK, as well as any shifts in monetary policy expectations.
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