Dollar lower as yen gains on Brazilian crisis – The dollar edged lower Friday after a modest recovery overnight as the political upheaval surrounding the White House continued to weigh.
The was off 0.17% at 97.60 at 08:45 ET.
The gained on some safe-haven buying as Brazilian assets plunged overnight on a political scandal.
Brazilian President Michel Temer was caught up in a graft probe but denied the allegations.
The dollar’s attempted recovery overnight was aided by some upbeat U.S. data.
The greenback remains under pressure as U.S. Justice Department appointed a special counsel to probe alleged Russian meddling in the U.S. presidential election.
Trump denied he had asked the FBI to drop a probe into former national security adviser Michael Flynn’s ties with Russia.
The edged higher, while the was also firm but off overnight eight-month highs above the $1.30 mark.

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