The dollar slipped against its major rivals on Friday as persistent uncertainty over the economic agenda of U.S. President Donald Trump drove forex investors away from the greenback.
The greenback fell to a four-month trough against the yen in early trading on Friday but bounced back to regain some of its losses after rumors began to surface about the impending firing of White House senior adviser Steve Bannon. The White House confirmed Bannon's exit in a statement Friday afternoon.
As Trump's chief strategist, Bannon has been seen as representing a right-wing political faction that critics have said encourages white supremacists like those involved in the deadly rioting last weekend in Charlottesville, Virginia.
USD/JPY tumbled nearly 1 percent, falling to 108.58, its lowest since late April. The greenback was last down 0.37 percent at 109.15.
The dollar bounced back but failed to move higher against the yen or the euro and surrendered gains late in the day against the British pound. EUR/USD traded near 1.1760 in early Asian trade on Monday.
