On Tuesday, the greenback slid against the Japanese yen, as the Japanese currency derived benefits from its safe-haven status, with the appetite for risk curbed by Donald Trump’s hardening defense over his immigration policies.
The evergreen buck lost 0.2%, showing 113.570 yen, having declined to as low as 113.240.
The latest blow against the greenback was initiated after Trump ordered a temporary ban over the weekend on the entry of refugees as well as folks from seven Muslim-majority countries.
On Monday, Donald Trump fired Sally Yates, acting US Attorney General after she refused to defend Trump’s new travel restrictions.
Selling of the greenback has gained momentum after Donald Trump’s move, as a dealer at a Japanese bank revealed.
The euro was braced for gaining 1.7% against the greenback this month.
The British pound grew 0.2%, trading at $1.2516, though still within reach of a near one-week minimum of $1.2466 reached overnight on nervousness ahead of Thursday’s Bank of England policy gathering.
