Against a basket of major currencies, the dollar slid on Tuesday right after Donald Trump Jr. (President Donald Trump’s eldest son) released an email chain showing discussions with top Russian government prosecutor. The document shows the Russian prosecutor offering Trump during the presidential campaign period devastating information about rival Hillary Clinton.
Russia Intended to Help Trump Campaign
In an email to Donald Trump Jr. back in June 3, 2016, publicist Rob Goldstone wrote, “The Crown prosecutor of Russia… offered to provide the Trump campaign with some official documents and information that would incriminate Hillary and her dealings with Russia and would be very useful to your father.”
“If it’s what you say, I love it,” Trump wrote back last June 3, 2016. Then, on June 9, 2016, the presidential son met with the female lawyer named Natalia Veselnitskaya after series of email exchanges through a mediator.
Trump Possibly Violated U.S. Election Law
Experts are starting to find out if Trump Jr. had violated U.S. election law since he met with Veselnitskaya during the campaign period. Moreover, the email that he tweeted on Tuesday can be used by Special Counsel Robert Mueller as he investigates with a possible conspiracy between the Russian government and Trump’s party.
However, Trump Jr. is insisting that nothing was pursued after the meeting took place. Additionally, Veselnitskaya denies that she is affiliated with the Russian government. She even told reporters that no information was passed by her.
Under the U.S. criminal code, collusion is not regarded as an actual crime. Prosecutors are trying to look into Trump Jr.’s conduct if it violates any explicit law.
No Collusion Happened
The Russian government denied meddling in the U.S. election. Also, the issue was repudiated by President Donald Trump and said that there was no connivance that transpired.
Nonetheless, experts are also torn between considering the act as unlawful. Others are considering the Federal Election Campaign Act prohibiting foreign nationals to contributing to U.S. elections. Furthermore, the contribution is not limited to monetary kind, and incriminating information is also considered under the act. Solicitation from outside countries is also not allowed, hence, Trump Jr.’s “enthusiastic response” to the proposal is considered as under its category, as per experts. Trump’s emails even confirmed that there might be a plausible criminal case against him.
However, other election experts believe that Trump Jr. did not violate any law when he sought detrimental information about Clinton.
Dollar Slipped Right After
The dollar index (DXY), which measures the greenback’s strength against the six major currencies, curved negatively. It traded as low as 0.04 percent to 95.984 after soaring earlier at 96.205.
Today, the dollar index continues to drop and it closed at 95.48. It might be a sign that the markets are aware that the emails have once again put the dollar and the country in uncertainty. The quick change in the dollar confirms that with whatever issue the Trump administration will be undergoing it will have an impact to the greenback. Investors must be fully updated on market news to be able to act accordingly. With the recent issue, Trump Jr. said that he released a copy of the emails “in order to be totally transparent.” President Trump approved of his son’s act, and spoke, “my son is a high quality person and I applaud his transparency.”
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