Investing.com - The U.S. dollar rose to a one-and-a-half-week high on Wednesday after the release of a transcript between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky failed to intensify an impeachment inquiry from Congress.
The House opened an inquiry over whether or not Trump sought help from Ukraine to look into political rival and former Vice President Joe Biden in exchange for foreign aid.
The transcripts revealed that Trump did ask Zelensky to investigate corruption charges that were dropped against Biden’s son, but no direct mention of foreign aid was made.
“There's a lot of talk about Biden's son, that Biden stopped the prosecution and a lot of people want to find out about that so whatever you can do with the Attorney General would be great,” Trump told Zelensky, according to the transcript released by the White House.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, jumped 0.6% to 98.525 as of 10:53 AM ET (14:53 GMT).
Elsewhere, USD/CAD rose 0.3% to 1.3278. The Japanese yen, which is seen as a safe-haven in times of market turmoil, fell, with USD/JPY gaining 0.6% to 107.65.
The pound slumped 1% to 1.2369, while EUR/USD declined 0.5% to 1.0961.