Dollar Extends Drop on Report of Trump's Classified Disclosure
- Market may gradually cut long dollar positions: Shinkin Asset
- Funds sell dollar-yen on Washington Post report, trader says
Trump Aides Race to Limit Fallout From Disclosures Report
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The dollar fell for a fifth day as Donald Trump’s top foreign policy advisers tried to control the political damage following a report the U.S. president revealed classified information to Russia’s diplomat last week.
Treasury yields declined on risk aversion, sending the greenback down against all Group-of-10 peers. Traders said leveraged funds’ initial reaction to the Washington Post report was to sell the dollar against the yen. The latest development comes as Trump fends off questions over his decision to sack FBI Director James Comey amid an investigation of possible Russian interference with the U.S. election.