Dollar declines

TOKYO: The dollar slipped, weakened by a Wall Street Journal report that investigators into possible Russian interference in the 2016 U.S. presidential election had subpoenaed President Donald Trump´s election campaign for documents.
Special Counsel Robert Mueller´s team issued the subpoena last month for documents containing specified Russian keywords from more than a dozen officials, according to the report.
The dollar index against a basket of six major currencies was down 0.35 percent at 93.593.The index had edged up overnight to pull away from a four-week trough of 93.402 set on Wednesday. Wall Street shares rallied overnight after sagging through much of the week, causing a 4 basis points jump in the long-term Treasury yield to shore up the dollar.
"Dollar selling picked up after the market became aware of the Wall Street Journal´s report," said Yukio Ishizuki, senior currency strategist at Daiwa Securities in Tokyo.
"Dollar demand from institutional investors appeared quite strong but selling by speculators seemed even stronger.
We are likely to see choppy moves as participants try to adjust their positions before Thanksgiving Day (on Nov. 23).