The dollar was higher against other major currencies on Friday, as markets were still digesting former FBI director James Comey’s testimony and awaiting the final results of the U.K. election.
EUR/USD was little changed at a two-and-a-half week low of 1.1213.
In testimony to a Senate committee on Thursday, Comey accused President Donald Trump of firing him to try to undermine his investigation into possible collusion by the Trump campaign team with Russia’s alleged efforts to influence the 2016 presidential election.
The euro weakened broadly after the European Central Bank on Thursday cuts its forecast for inflation this year to 1.5%, down from 1.7% in March.
The forecast came after the central bank left interest rates unchanged in a widely expected move.
GBP/USD tumbled 1.01% to trade at a two-month low of 1.2700 after U.K. Prime Minister Theresa May’s Conservative Party lost its parliamentary majority in Thursday’s general election, potentially disrupting Brexit negotiations.
May faced calls to leave the government on Friday after the election left no single party with a clear claim to power just 10 days ahead of the start of Brexit negotiations.
Elsewhere, USD/JPY rose 0.26% to 110.17.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.29% at 97.22, just off a one-and-a-half week high of 97.36.