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Dollar Hits Low After Mueller Grand Jury Report; Sterling Slides

  • Pound takes a licking after BOE votes 6-2 to hold rates steady
  • Yen, Swiss franc rise as risk appetites pared before jobs data
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Strategist Seifried Sees Continued U.S. Dollar Pressure

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The dollar dropped to a fresh low for the day after a report that U.S. Special Counsel Robert Mueller has impaneled a grand jury as he investigates Russia’s interference in elections and possible collusion with the Trump campaign.

The late afternoon dip in the greenback cemented an earlier decline seen after weak economic data, leaving the Bloomberg dollar index lower by less than 0.1 percent. The greenback reached the weakest since mid-June against the yen after the Mueller news and the 10-year Treasury yield also fell to its lowest since that month.