Notes You Need for August 22: Euro, tax cut accounting, iPhone 8 features, Cheniere Energy, oil supplies, August trading volumes

August 22, 2017 | Daily JAM, Notes You Need | 0 comments

10:20 a.m.: The euro is trading down today after the latest ZEW sentiment surveys for the Eurozone and Germany both missed expectations. The German report that a stronger euro was hitting exports. The euro traded below the recent $1.18 price against the dollar. 10:40 a.m.: There’s not much leaking out about the Republican plans for a tax cut but one idea apparently being passed around would change the accounting for things like expiring tax breaks in order to give the authors of any tax bill rom for about $450 billion in tax cuts that wouldn’t need to be offset with revenue increases.