Greenback edges up; outlook wary
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London
THE dollar edged higher on Tuesday as investors consolidated positions, a day after fresh political turmoil in Washington caused the US currency to post its biggest monthly drop in 16 months.
Uncertainty was expected to continue weighing on the dollar, following President Donald Trump's ouster of White House communications chief Anthony Scaramucci on Monday, 10 days after he was hired. "I think the short dollar trade is still the broad consensus trade in the financial markets," said Esther Maria Reichelt, an FX analyst at Commerzbank in Frankfurt. "But we are approaching important levels against other currencies, such as 1.20 on the euro, which may prompt some concerns from other central banks."
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