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As the Trump administration continues to fight media allegations of collusion with Russia or passing on sensitive information to Russia, the financial markets became jittery of the latest allegations. The Washington Times reported earlier this week that president Trump shared sensitive information with the Russian foreign minister Sergei Lavrov that compromised national security and undermined the trust of the ally which gave the information to the United States. Right after that, yesterday, New York Times reported existence of a memo written by the former FBI director James Comey that reportedly suggest that President Trump urged the director to end investigations on General Michael Flynn. The White House has denied both the reports.
However, that didn’t prevent the financial markets from felling nervous over these issues and more importantly the intense internal political battle in Washington that may cloud other agendas of the Trump administration. The most popular safe haven currency, the Japanese yen is up 0.8 percent since last week. The yen is currently trading at 112.5 per dollar. The safe haven commodity gold is up 1.3 percent since last week and currently trading at $1244 per troy ounce.
