The Euro rose to fresh two-and-a-half year highs against the weaker dollar on Wednesday as deepening political turmoil in Washington continued to weigh on the greenback.

The USD came under renewed selling pressure as political risks in the U.S. continued to weigh.

The White House on Tuesday confirmed that U.S. President Donald Trump played a role in drafting a statement about his son’s meeting with a Russian lawyer during last year’s election campaign, which was later shown to be misleading.

Shares in Apple surged more than 6% in pre-market trade on Wednesday after the tech giant reported strong fiscal third quarter earnings after the prior session’s close and said its upcoming iPhone release dates were on track.

Sales of iPhones also appeared to impress investors as the firm sold 41.03 million of its smartphone in its most recent quarter, topping analyst estimates and surpassing the milestone of 1.2 billion iPhones sold.

That was despite the fact that chief executive Tim Cook kept a lid on details about the upcoming release of its 10th anniversary iPhone. “We have no comment on anything that’s not announced,” Cook said.

With Apple set to lead the charge on Wednesday, Dow futures pointed to a break out from 22,000 points.

The index itself hit yet another record high on Tuesday, following up on what in July had been its strongest monthly performance since February.

The Dow has shown a strong track record recently busting through psychological milestones with the benchmark hitting 19,000 for the first time on November 22, 2016.

January 25 of this year, the Dow finished at 20,000 and closed at 21,000 for the first time as recently as March 1. A close at or above 22,000 points on Wednesday would represent the seventh fastest 1,000-point move between milestones, having taken just 109 trading days.

That places it just behind the move from 17,000 to 18,000 points reached in December 2014 that took only 108 trading days.

As the dollar hovered near a 15-month low against major rivals, investors looked ahead to the ADP employment report out at 12:15 GMT Wednesday.

Although not considered a reliable indicator for the official nonfarm payrolls report out Friday, markets still watch the data from the private payroll processor as an indicator of the health of the U.S. labor market.

The dollar had been supported by the Federal Reserve's (Fed) gradual policy tightening since late 2015 but the prospect that other major central banks may join it in the removal of accommodative policy have weighed.

With experts widely expecting the U.S. central bank to embark on balance sheet normalization in September and follow up with an additional rate hike at the end of the year, market players will also pay attention Wednesday to appearances by Cleveland Fed president Loretta Mester and San Francisco Fed chief John Williams later in the session.