Dollar recovers from Trump impeachment damage; trade tensions weigh
Wednesday, 25 September 2019 15:24 WIB | CURRENCIES |DOLLAR Euro

The dollar recovered on Wednesday after falling when a formal impeachment inquiry began against U.S. President Donald Trump, while the latest Sino-U.S. trade row hurt currencies correlated with global growth.

The dollar dropped on Tuesday after House Speaker Nancy Pelosi announced the House of Representatives would initiate a formal inquiry, saying Trump appeared to have undermined national security and violated the U.S. Constitution.

The dollar index was last up 0.2% at 98.545. Against the euro, it rose 0.2% to $1.0996.

Forex markets elsewhere were mostly in a risk-off mood, with the Australian dollar, sterling and most emerging-market currencies lower.

The yen dropped 0.2% against the dollar to 107.31 yen . Another safe-haven, the Swiss franc, edged up 0.2% against the euro to 1.0845 francs.

Sterling dropped 0.4% to $1.2445, reversing most of its gains from Tuesday, when Britain™s Supreme Court ruled Prime Minister Boris Johnson had unlawfully suspended parliament.

Source : Reuters

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