5/17/2017, 4:15 PM (Source: TeleTrader)
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Dollar sinks more than 1.5% versus yen

Parallel to a rise in United States Treasuries and a drop in equity markets on Wednesday, investors buoyed the value of the Japanese currency as a safe haven asset amid political instability in Washington, with speculation in media reports that President Donald Trump asked the then-director of the FBI (Federal Bureau of Investigation) to stop investigating former national security advisor Mike Flynn.

The dollar slumped 1.46% to ¥111.46, after going for as low as ¥111.406, the weakest point since the beginning of the month. The euro added 0.45% to buy $1.11335, the highest value since November 9, after Trump was elected. The pound added 0.33% to change hands for $1.296. The greenback tumbled for the fifth workday in a row versus the franc, losing 0.78% to 0.9782. The session low of 0.978 was unseen since November 9 as well.

Baha Breaking News (BBN) / IT