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Dollar Loses Ground as Flynn Prepares to Testify Against Trump

The US dollar fell against most-traded currencies (though not the Great Britain pound) today as US politics took the center stage yet again, distracting market participants from other fundamental factors that could have influenced the currency.

US Dollar Weakens as Traders Remain Concerned About Political Instability

The US dollar weakened against a basket of its major counterparts on Monday as political woes continued to loom over the market, which reduced demand for the greenback. A cautious trading mood ahead of major data releases this week drove an index of the strength of the US currency to its lowest level since October 2016.

US Dollar Plummets Against Euro to Lowest Level Since Trump Election Victory

The US dollar plummeted against the euro on Friday to touch its weakest level since Donald Trump won the US presidential election in November 2016. The greenback had a bad week as traders became worried that the president may face strong political resistance to his economic agenda following the aftermath of his sudden termination of Federal Bureau of Investigation Director James Comey.

US Dollar Stabilizes Against Major Peers as Trump Woes Diminish

The US dollar was little changed on Thursday after maintaining most of the losses it had over the past two days amid higher uncertainty about the prospects of Donald Trump’s economic agenda. A series of political developments this week left the US president in a difficult position, which weighed on the greenback, but the currency limited its decline as positive economic data eased traders’ concerns.

Japanese Yen Advances Against US Dollar on Lower Appetite for Risk

The Japanese yen advanced against the US dollar on Wednesday after traders became anxious about recent political developments in the United States. The Japanese currency, which is viewed as a safe haven asset, ended two days of little movement as controversies surrounding US President Donald Trump were stoked by recent reports on his ties with Russia.

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