The dollar retreated for the first time this week, falling to intraday lows during New York morning trading after President Trump demanded the resignation of Federal Reserve Governor Lisa Cook. Most G10 currencies advanced, with the Norwegian Krone and Japanese Yen leading gains.
The Bloomberg Dollar Spot Index declined 0.1%.
USD/JPY dropped 0.3% to 147.30, marking the second consecutive day of declines. (Note: Bank of Japan Governor Ueda is scheduled to attend the Jackson Hole symposium.)
EUR/USD rose 0.2% to 1.1666, posting its first gain in three days. (Note: Lagarde expects eurozone economic slowdown with trade uncertainties persisting.)
GBP/USD held steady at 1.3493.
USD/CAD fell 0.1% to 1.3854, declining for the second time this week.
Federal Reserve officials Waller and Bostic are scheduled to speak on Wednesday, while the Federal Open Market Committee meeting minutes will also be released.
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