Greenback steadies after tumble on Trump turmoil

Greenback steadies after tumble on Trump turmoil

On Thursday, the evergreen buck managed to steady, having hit six-month minimums on the latest bout of political turmoil in Washington.

The dollar index tacked on 0.26%, hitting 97.59.

The US Justice Department has already assigned a special counsel for the purpose of probing Russian interference in the American presidential election.

Trump also urged the FBI to cease a probe into ex-national security adviser Michael Flynn's relationships with Russia.

The latest political maelstrom has generated doubt that the Trump administration is capable of delivering on its economic agenda.

Meanwhile, the market odds of a June Fed rate lift have gone down to 60% because American political risk’s actually factored in.

The evergreen buck revived the 111 yen handle, having fallen below that level

Besides this, Japan's GDP tacked on an annualized 2.2% during the first quarter, while deflationary pressures remain in the economy.

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