Forex – Dollar Pulls Back From 1-Week Highs on U.S. Political Woes

© Reuters. Dollar slips lower vs. rivals on Washington turmoil – The U.S. dollar slipped lower against other major currencies on Friday, pulling away from a one-week high following news of potential personnel changes at the White House, sparking fresh concerns over U.S. political turmoil.

The greenback weakened after the Washington Post reported on Thursday that U.S. President Donald Trump has decided , H.R. McMaster.

Markets were already jittery following the President’s decision on Tuesday .

Adding to concerns over U.S. politics, fears of potential trade wars were reignited after Donald Trump announced plans this week on up to $60 billion of Chinese imports, specifically targeting the technology and telecommunications sectors.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.13% at 90.02 by 03:00 a.m. ET (07:00 GMT), off a one-week high of 90.17 hit overnight.

The euro and the pound were higher, with up 0.11% at 1.2319 and with adding 0.08% to 1.3947.

The yen and the Swiss franc were also stronger, with retreating 0.37% to 105.95 and with shedding 0.20% to trade at 0.9495.

Elsewhere, the Australian dollar was steady, with at 0.7801 and with sliding 0.33% to 0.7253.

Meanwhile, was almost unchanged at 1.3055.

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