Forex – Dollar slips back lower as U.S. political turmoil continues

Dollar turns lower vs. rivals amid U.S. political concerns – The dollar slipped back lower against other major currencies on Friday, hovering within close distance of a six-month trough as political turmoil continued to weigh on demand for the greenback.

added 0.17% to 1.1122, just below Thursday’s six-month peak of 1.1173.

The greenback briefly strengthened after the release on Thursday of upbeat data on and .

But the dollar remained under broad selling pressure following reports this week that U.S. President Donald Trump asked former FBI Director James Comey into ties between former White House national security adviser Michael Flynn and Russia.

by the Justice Department as a special counsel to take over the probe into Russia’s interference in the 2016 election.

edged up 0.08% to trade at 1.2951, off the previous session’s eight-month high of 1.3051.

Elsewhere, slipped 0.20% to 111.26, after hitting three-week lows of 110.21 on Thursday.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.15% at 97.62, just off Thursday’s fresh six-month lows of 97.28.

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