Investing.com - The dollar extended losses and hit a fresh six-month trough against other major currencies on Wednesday, as concerns over recent political developments in the U.S. continued to weigh heavily on the greenback.
EUR/USD rose 0.27% to 1.1114, the highest level since November.
The greenback weakened broadly following reports U.S. President Donald Trump shared sensitive intelligence with Russia's foreign minister in a meeting last week.
The U.S. dollar came under further selling pressure after news Trump asked former FBI Director James Comey to end the agency's investigation into ties between former White House national security adviser Michael Flynn and Russia.
Markets were still recovering from Trump’s decision last week to fire James Comey and amid congressional calls for an independent investigation of possible Russian interference with the U.S. election.
Elsewhere, GBP/USD gained 0.36% to 1.2962 after the U.K. Office for National Statistics said the unemployment rate unexpectedly fell to 4.6% in March, its lowest level since 1975.
However, the claimant count increased by 19,400 in April, compared to expectations for a gain of 7,500 people.
Meanwhile, the average earnings index rose by 2.4% in the three months to March, in line with expectations. Excluding bonuses, wages increased by 2.1%.
USD/JPY dropped 0.70% to 112.32, while USD/CHF slid 0.29% to 0.9829.
The Australian dollar remained weaker, with AUD/USD down 0.28% at 0.7404, while NZD/USD edged up 0.10% to 0.6890.
Meanwhile, USD/CAD held steady at 1.3617.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.33% at a fresh six-month low of 97.78.