US dollar comes under fresh pressure, euro nears 1.24

Author: Adam Button | Category: News

EUR/USD higher for a second day

The US dollar is struggling at the moment and is at the lows of North American trade against the euro, pound and yen.

USD/JPY was as high as 107.29 at the start of New York trade but has slipped back to 106.68. The euro is a few pips away from 1.2400 as Friday's drop in the euro was erased.

The turmoil at the White House and soft details in the CPI report are both working against the dollar.