Market News
Dollar steadies as investors pause for breath; yen and sterling soften - REUTERS
By Yadarisa Shabong and Brigid Riley
Summary
- US dollar holds firm amid trade tensions with EU
- Yen softens after wage talks as market weighs BOJ rate hike timing
- Sterling weakens after UK GDP unexpectedly contracts in January
March 14 (Reuters) - The yen weakened on Friday after union wage talks in Japan concluded and the pound edged lower as UK economic growth faltered, with investors also processing trade tensions and slowdown concerns.
The Japanese currency, which scaled a five-month peak earlier this week at 146.545 per dollar on safe-haven bids and market bets for further rate hikes in Japan, lost some ground to trade as weak as 149.02 a dollar on Friday.