Investing.com -- President Donald Trump has been ordered by a New York court to turn over eight years of personal and corporate tax returns, the New York Times reported Monday. The Manhattan District Attorney Cyrus Vance Jr. is investigating whether Trump broke New York state law in reimbursing his former lawyer Michael Cohen for payments made to the porn star Stormy Daniels during the 2016 election.
Trump is expected to appeal on the ground that sitting presidents are granted immunity from criminal prosecution. The news comes after Trump's problems in Washington escalated with the emergence of at least one more whistleblower alleging he exerted improper influence on Ukrainian President Volodymyr Zelensky to investigate Joe and Hunter Biden for alleged corruption in Ukraine. EUR/USD at $1.0992 by 9:15 AM ET, up 0.2% U.S. 10-Year government bond yield at 1.55%, up 3 basis points