The dollar hit a two-week high against a basket of currencies on
Thursday, recovering recent losses against the yen, on stronger risk
appetite across markets and on optimism that the United States will
successfully push through a tax reform program.
The greenback had slipped against the safe-haven
Japanese currency on Wednesday after U.S. President Donald Trump said he
would recognize Jerusalem as the capital of Israel -- a move that
imperiled Middle East peace efforts and provoked widespread
condemnation.
But as global stock prices edged
higher on Thursday after three days of losses, investors bought back
into the U.S. currency, which gained 0.4 percent on the day to trade at
112.72 yen JPY=.
Against a basket of six major currencies, the dollar hit a two-week high of 93.745. .DXY
U.S.
Senate Republicans agreed to talks with the House of Representatives on
sweeping tax legislation on Wednesday, amid early signs that lawmakers
could bridge their differences and agree on a final bill ahead of a
self-imposed Dec. 22 deadline. 
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