The U.S. dollar pared a sharp earlier drop on Wednesday after U.S. President Donald Trump denied news reports that he is planning to fire Federal Reserve Chair Jerome Powell.

The dollar lost value following news that President Trump told lawmakers he will likely try to oust Federal Reserve Chair Jerome Powell. The U.S. Dollar Index, which measures the greenback against a basket of currencies including the Euro and yen,

Something different just happened to the U.S. dollar, which recently completed its worst first half of any calendar year since at least the 1970s: The dollar strengthened this week, despite President Donald Trump’s ongoing tariff talk.