Investing.com - The dollar continued to drop against other major currencies on Wednesday, as concerns over recent political developments in the U.S. still weighed heavily on the greenback.
EUR/USD climbed 0.51% to 1.1138, the highest level since November.
The greenback weakened broadly following reports U.S. President Donald Trump shared sensitive intelligence with Russia's foreign minister in a meeting last week.
The U.S. dollar came under further selling pressure after news Trump asked former FBI Director James Comey to end the agency's investigation into ties between former White House national security adviser Michael Flynn and Russia.
Markets were still recovering from Trump’s decision last week to fire James Comey and amid congressional calls for an independent investigation of possible Russian interference with the U.S. election.
Elsewhere, GBP/USD gained 0.46% to 1.2976 after the U.K. Office for National Statistics said the unemployment rate unexpectedly fell to 4.6% in March, its lowest level since 1975.
However, the claimant count increased by 19,400 in April, compared to expectations for a gain of 7,500 people.
Meanwhile, the average earnings index rose by 2.4% in the three months to March, in line with expectations. Excluding bonuses, wages increased by 2.1%.
USD/JPY tumbled 1.42% to 111.49, while USD/CHF declined 0.64% to 0.9796.
The Australian dollar was steady, with AUD/USD at 0.7431, while NZD/USD advanced 0.77% to 0.6934.
Meanwhile, USD/CAD slipped 0.24% to 1.3575.
Statistics Canada reported on Wednesday that manufacturing sales increased by 1.0% in March, exceeding expectations for a 0.4% rise.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.61% at a fresh six-month low of 97.49.