Dollar drops against the euro, sterling after Trump fires FBI director Comey
The U.S. dollar traded lower against some rivals on Wednesday, which some analysts attributed in part to President Donald Trump’s abrupt firing of James Comey as director of the Federal Bureau of Investigation.
The ICE Dollar Index DXY, -0.09% traded at 99.44, bouncing off a low of 99.38 seen earlier in the day. That’s compared with a level of 99.39 in late New York trading Tuesday.
The dollar recovered some ground against the Japanese yen USDJPY, +0.03% after dropping to ¥113.63 in earlier trading. The pair last traded at ¥113.96, against ¥113.87 late Tuesday.
The bulk of the dollar’s weakness was concentrated in the British pound and euro crosses. The pound GBPUSD, +0.2319% moved higher to $1.2977 from $1.2935 late Tuesday, while the euro EURUSD, +0.1471% rose to $1.0889 from $1.0872.