The Euro, on Wednesday, July 12, Inched up to its highest level since May 2016 in Asian trading on Wednesday, as the dollar came under pressure following President Donald Trump’s eldest son’s release of emails suggesting he welcomed Russia’s help in last year’s election campaign.
The European Single currency was up 0.1 percent at $1.1480 after rising as high as $1.1482.
Meanwhile, the Sterling dipped around a quarter of a percent to as low as $1.2815. It weakened similarly to 89.49 pence per euro, its lowest since Donald Trump’s election as U.S. President last November.
While the Unites States of America dollar edged 0.4 percent lower against the yen to 113.49 in early trades after rising more than 5 percent over the last month as traders played the diverging trends between a hawkish Fed and a dovish Bank of Japan.
