Dollar hits the skids on political headlines
Bloomberg is reporting that the special council is examining the dealings of Trump, Kushner and Manafort.
In an BloombergTV interview, the reporter called it "a very dramatic expansion of the probe" and said it creates "great legal jeopardy" for the President.
The report says Mueller is "examining a broad range of transactions involving Trump's businesses".
The timing of the report is amazing given that just yesterday Trump told the New York Times that any digging into matters beyond Russia would be out of bounds. He also expressed displeasure with Sessions, who was forced to say today that he didn't plan to resign.
"Sessions should have never recused himself, and if he was going to recuse himself, he should have told me before he took the job and I would have picked somebody else," Trump said.
The special prosecutor is looking into purchases of apartments in Trump buildings, real restate investments, the Miss Universe pageant and Trump's sale of a Florida mansion to a Russian oligarch.
Bank of Cyprus has also been pulled into the probe. His team has issued subpoenas to foreign banks.
The US dollar is wilting on the headlines. USD/JPY fell 50 pips to 111.70 while the euro hit a 23-month high.
