Euro rises amid latest White House troubles

The dollar index touched its lowest point since early November, hurt by weaker than expected US housing data and concerns after political turmoil once more hit Washington.

A rally in the euro was reinforced by dollar losses, prompted by allegations that US president Donald Trump disclosed highly classified information to Russia’s foreign minister about a planned Islamic State operation.

The story about Mr Trump and Russia “probably is playing out as a weaker dollar on the view that Trump may not be around long enough to deliver his tax reform, which is at least partially priced into the dollar”, said RBC Capital Markets currency strategist Adam Cole in London.