Dollar modest recovery aided by U.S. data

The dollar’s modest bounce back Thursday was aiding by upbeat U.S. data as political turmoil continues to overhang the White House.
The USD index was up 0.18% at 97.52 at 09:30 ET after hitting six-month lows.
Initial jobless claims and the Philadelphia manufacturing index came in above expectations.
The heat remained on Trump as U.S. Justice Department named a special counsel to probe alleged Russian interference in the U.S. presidential election.
Trump allegedly asked the FBI to drop a probe into former national security adviser Michael Flynn’s ties with Russia.
The euro extended losses but held onto the $1.11 level.

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