London - The dollar rebounded with oil and gold fell, as investors focused on President Donald Trump’s plans to boost growth. The pound fell after a UK court ruled that Parliament must vote on triggering Brexit.
The greenback advanced against most major currencies, reversing declines sparked after Treasury Secretary nominee Steven Mnuchin said a strong US currency could have a negative short-term effect on the economy.
The pound extended losses after judges ruled Prime Minister Theresa May must ask Parliament to trigger the two-year countdown to the UK’s departure from the European Union, handing lawmakers a chance to soften the plan. Gold fell after touching the highest since November while oil climbed above $53 a barrel.