U.S. Dollar slips on Trump’s impeachment news

U.S. Dollar falls on Trump’s impeachment news

The U.S. Dollar dropped on Thursday in Asia after the U.S. House of Representatives voted to impeach Republican U.S. President Donald Trump for abuse of power and obstruction of Congress.

The U.S. Dollar index slipped 0.1% to 96.925 by 11:30 PM ET (03:30 GMT).

Trump is the third president to be impeached in U.S. history but is likely to survive a trial in the GOP-led Senate, which is expected to vote in January.

Meanwhile, the Philadelphia Federal Reserve will release its manufacturing index for December on the same day. Economists expect the Philly Fed Index to come in at 8 for the month in contrast from November’s 10.4. The index tracks manufacturing in Pennsylvania, New Jersey, and Delaware.