The odds of Donald Trump being impeached have been slashed after more revelations about his son's involvement with Russia emerge.
Donald Trump Jr yesterday released a tranche of emails revealing how eager he was to get his hands on any evidence that Russia was funding his father's presidential opponent Hillary Clinton in a bid to damage her campaign.
Despite having previously insisted he did not know what was to be discussed with Russian lawyer Natalia Veselnitskaya prior to meeting with her the emails show that he had been told she was offering "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”.
Although the President's son has insisted his father knew nothing of the meetings, the impact has already been felt. Yesterday the dollar index, which tracks the greenback against six major rivals, fell to a more than one-week low of 95.673 while the euro rose to a more than one-year high of $1.1475.
Stocks dropped following the tweet, but later pared their losses.
And overnight, Paddy Power has cut the odds of Trump being impeached in his first term to their shortest ever price of 4/6. The bookies has also made 2017 the favourite for his year of impeachment, halving the odds from 4/1 to 2/1.
The odds of the FBI confirming Russian collusion with Trump are now placed at 4/9, while the odds of him failing to complete his first term are 4/6.