• The dollar slid lower on Wednesday amid fresh concerns over the Trump administration's alleged connection with Russia, while investors looked ahead to Federal Reserve Chair Janet Yellen's comments.
USD/JPY was down 0.41% to 113.45 by 03.26 AM ET, well below the four-month high of 114.49 set on Tuesday.
The dollar came under pressure after emails released by Donald Trump Jr revealed that he welcomed assistance from a Russian lawyer during his father's 2016 election campaign against Hillary Clinton.
The euro was steady against the dollar, with EUR/USD at 1.1457 after rising to a 14-month peak of 1.1489 overnight.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 95.49, not far from the nine-month low of 95.22 plumbed in late June.
• The United States and Qatar signed an agreement on Tuesday aimed at combating the financing of terrorism, as U.S. Secretary of State Rex Tillerson visited Doha to try to end a month-long rift between Western-allied Arab states.
• U.S. President Donald Trump will travel to Paris on Wednesday to meet with French President Emmanuel Macron where the two leaders will seek to work together on Syria and countering terrorism, while avoiding the thorny issues that have divided them.
• Oil prices rose more than 1.5 percent on Wednesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged.
Brent crude futures were up 76 cents, or 1.6 percent, at $48.28 per barrel by 0429 GMT, while U.S. West Texas Intermediate (WTI) crude futures were at $45.82 per barrel, up 78 cents, or 1.7 percent.
Reference: Reuters, Investing
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