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EUR/USD rises to a session high of 1.1614
The dollar index is dragged to its lowest levels on the day down 0.2% as the greenback is slipping across the board. The catalyst is Cohen’s lawyer’s comments here stating that Cohen has knowledge of the Russian conspiracy – something that could threaten Trump or at least destabilise Trump ahead of the midterms in November.
That has seen GBP/USD move back above the 1.2900 handle while USD/CAD is dragged to session lows of 1.3008. USD/JPY has also moved lower to 110.28 while AUD/USD is paring earlier losses now to trade almost flat at 0.7366.
Strap yourselves in, folks. It’s going to be quite the bumpy ride today in US trading.
This article was originally published by Forexlive.com. Read the original article here.