Investing.com - The dollar fell on Wednesday with concerns growing over the path of global trade under President Donald Trump after a series of steps to review or abandon multilateral trade pacts and strike bilateral deals even as U.S. share indexes reached record highs on Wednesday.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.36% to 99.91. In pairs, USD.JPY eased 0.50% to 113.22, while GBP/USD gained 0.3% to 1.2637. USD/CAD fell 0.70% to 1.3067.
The greenback also weakened after Trump said on Twitter that he would seek a "major investigation" into alleged voter fraud, focusing on two states and illegal voters. The call came despite Republican election officials in key states saying they have found no evidence of fraudulent voting.
On Tuesday, the National Association of Secretaries of State said it had confidence in the "systemic integrity of our election process" and was not aware of any evidence related to Trump's claims. The dollar has been under pressure since Trump’s inauguration last Friday amid concerns over a lack of clarity on his economic policies and fears that his protectionist trade stance could hit corporate profits and act as a drag on growth.