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2017.07.2321:27:00UTC+00Dollar Wavers Near 13-Month Low on U.S. Political Unease

The dollar wavered near a 13-month low versus a basket of major currencies earlier on Monday as U.S. political troubles reduced hopes for a quick enactment of President Donald Trump's stimulus and other economic agendas.

The Trump administration took a new blow on Friday following the resignation of White House spokesman Sean Spicer, emphasizing a major change within the inner circle of the president.

The dollar index versus a group of six currencies was flat at 93.854, after hitting 93.847, its lowest since June 2016.

The euro rose 0.2 percent at $1.1681 after climbing to a 23-month peak of $1.1683 on Friday. The common currency has recently been on a bullish footing after the markets perceived a hawkish tone from European Central Bank President Mario Draghi.

The dollar fell 0.2 percent to 110.965 yen. The Japanese currency is at its strongest in five weeks.

The benchmark 10-year U.S. Treasury note yield touched a three-week low on Friday as the decline in Wall Street shares fueled safe-haven demand for debt.



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