Greenback tumbles on Trump Jr emails

Greenback tumbles on Trump Jr emails

On Wednesday, the greenback decreased amid fresh worries over the Trump administration's hypothetical connection with Russia. Meanwhile, market participants looked ahead to Fed Chair Janet Yellen's comments.

The currency pair USD/JPY dipped 0.41%, trading at 113.45, which is below the four-month peak of 114.49 reached on Tuesday.

The greenback found itself under pressure after emails written by Donald Trump Jr disclosed that he generally appreciated assistance from a Russian lawyer during his dad’s 2016 election campaign versus Hillary Clinton.

The common currency stood still versus the evergreen buck, with EUR/USD showing 1.1457, having ascended to a 14-month high of 1.1489 overnight.

The US dollar index, gauging the greenback’s value versus a trade-weighted basket of six key currencies, didn’t change, keeping to 95.49, which is not far from the nine-month minimum of 95.22 reached in late June.

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