7/18/2017, 8:14 AM (Source: TeleTrader)
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Dollar trades at over 14-month low against euro

The greenback declined across a range of currencies on Tuesday, touching the weakest levels since May of last year versus the euro and since November against the onshore yuan, as it became clear United States President Donald Trump didn't manage to gather enough support for a health overhaul. Instead of rolling out legislation, he opted to just try and repeal Obamacare, which adds risk for insurers and the system.

The euro rose 0.42% to $1.1527, after reaching a more than 14-month record of $1.15378. The dollar lost 0.42% to buy C$1.2644, after yesterday it dipped to C$1.2626, also the weakest point since May 3, 2016. The pound was testing last week's high of £1.3114, unseen since September 22, trading 0.36% up for the day, at $1.3103.

The buck was down 0.47% at ¥112.084, after hitting the weakest point this month of ¥111.989. Compared to the offshore yuan, 6.75057 June 1, the US currency lost 0.2% to 6.7504, following a decline to 6.74806, the lowest since June 1. The onshore version of the renminbi went for as low as 6.7596, last seen in November, compared to the daily reference rate of 6.7611.

Breaking the News / IT