Talk from Cohn helps the dollar to fresh highs
Comments from the White House adviser and tax plan guru on Fox Business
- Tax plan has incentives for companies to repatriate corporate cash
- Hope to submit comprehensive tax bill in the fall
- Number one priority is taxes
Repatriation has always been something that's been on the backburner. That money is generally in US dollars so there's probably not much of a direct FX impact but it's money that will be partly invested, if not given back to stock holders and reinvested.
The US dollar is at the best levels of the day, right across the board.