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Dollar steadies after slump on Trump turmoil

Published 05/18/2017, 03:27 AM
Updated 05/18/2017, 03:27 AM
© Reuters.

© Reuters.

Investing.com - The dollar steadied Thursday after hitting six-month lows on the latest bout of political turmoil in the White House.
The dollar index was up 0.26% at 97.59 at 03:00 ET.
The U.S. Justice Department has named a special counsel to probe alleged Russian interference in the U.S. presidential election.
Trump allegedly asked the FBI to drop a probe into former national security adviser Michael Flynn's ties with Russia.
That left Trump open to allegations of obstructing justice, an impeachable offense.
The latest political maelstrom has thrown into doubt the administration's ability to deliver on its economic agenda.
The market odds of a June Fed rate hike have fallen to 60% as U.S. political risk is factored in.
The dollar recovered the 111 yen handle after falling below that level
Japan's GDP grew an annualized 2.2% in the first quarter but deflationary pressures persist in the economy.
The dollar also steadied against theeuro but the single currency held above the $1.11 level.
The pound also fell against the greenback but remained above the $1.29 mark.
The Aussie firmed against the dollar after a surprise jump in Australian job creation in April.

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