US Supreme Court throws out rulings allowing congressional committees to obtain Trump's financial records

The US Supreme Court threw out rulings allowing the Democratic-led congressional committees to obtain US President Donald Trump's financial records, as reported by Reuters.

with this decision, the Supreme Court has effectively sent the dispute back to lower courts. 

Market reaction

With the initial reaction to this development, the US Dollar Index (DXY) advanced to a session high of 96.60 but lost its traction. As of writing, the DXY was virtually unchanged on a daily basis at 96.47. Meanwhile, the S&P 500 Index edged lower and was last seen losing 0.3% on the day at 3,160.