Mubasher: The US dollar dropped against major currencies during Friday on the back of concerns regarding the controversial tax reforms.

By 9:01 am GMT, the Euro inched up 0.04% to $1.17, while the GBP edged up 0.04% to $1.34.

Meanwhile, the dollar shed 0.2% to JPY 112.16.   

The passing of tax reformation bill became a difficult task, while some of senate members stated that they had major concerns regarding the tax reformation plan.