(Anora Mahmudova & Sara Sjolin – MarketWatch)
The dollar slumped against its major currency rivals Tuesday, after reports President Donald Trump shared classified information with top Russian officials at a meeting last week.
The ICE Dollar Index DXY, -0.67% fell 0.6% to 98.3430, trading around its lowest level since Nov. 9, just a day after Trump won the U.S. presidential election.
Market reaction to a pair of mixed economic reports releases was largely muted.
The pace of home construction eased in April as builders took a breather after a strong start to the year. Meanwhile, industrial production in April grew at the fastest monthly rate in more than three years, on the back of broad-based gains in the manufacturing sector.
Analysts said recent weakness in the dollar was partially in response to disappointing economic data. Click here to read more.