Forex - Dollar little changed vs. rivals in subdued trade

Published 05/10/2017, 10:51 AM
Dollar holds steady vs. other majors in quiet trade
EUR/USD
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GBP/USD
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USD/JPY
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USD/CHF
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AUD/USD
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USD/CAD
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NZD/USD
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DX
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Investing.com - The dollar was little changed against other major currencies in subdued trade on Wednesday, after U.S. President Donald Trump fired FBI Director James Comey, although growing expectations for a June rate hike by the Federal Reserve still lent some support to the greenback.

EUR/USD was steady at 1.0867, off the six-month high of 1.1021 set on Monday after Emmanuel Macron win in the French presidential election.

The greenback weakened after Donald Trump abruptly fired FBI Director James Comey.

Comey had been leading his agency's investigation into alleged Russian meddling in the 2016 U.S. presidential campaign and possible collusion with Trump's campaign.

GBP/USD was little changed at 1.2936, close to Monday’s eight-month peak of 1.2990.

USD/JPY slipped 0.10% to 113.88, while USD/CHF added 0.12% to 1.0085.

The Australian and New Zealand dollars were stronger, with AUD/USD up 0.68% at 0.7393 and with NZD/USD advancing 0.75% to trade at 0.6947.

Meanwhile, USD/CAD dropped 0.40% to 1.3666.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 99.46, after hitting a two-week high of 99.56 on Tuesday.

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