Political Situation in the US Has Affected Dollar

Forex News

The political situation in the United States affected state of the markets. A new political scandal is brewing in the US after Trump's son published emails connected with Russia.

Stocks in the US initially fell after the release of emails on Tuesday, but later recovered. The US dollar remains unstable against major currencies. The dollar index fell to 95.592. The euro rose to the highest level since May 2016 ($1.1483).

The US Federal Reserve Bank Chair Janet Yellen will address the Congress today. Analysts do not expect any significant comments from Yellen, which could affect the state of the US dollar.