FX Update: The dollar has ebbed back
FX Update: The dollar has ebbed back some in Asian trade today after rallying after the London close yesterday amid reports, cited by the Zerohedge website, of a May 3 video of FBI's Comey suggesting there was no obstruction of justice from the Trump administration. The narrow USD index spiked over 0.5% on the news, to a 97.97 high, though has since receded back to the 97.60 area. EUR-USD recovered to the low 1.11s after printing a two-session low at 1.1076, and USD-JPY has dipped to levels around 111.20 after spiking to a 111.74 peak. Wall Street closed higher, Markets are wanting clarification, while equity trading across Asia have been mixed. Investors will be wanting more clarification regarding the Trump situation. Trump himself has embarked on a nine-day foreign trip.