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Dollar steady ahead of Trump inauguration, but set to end week lower - REUTERS

JANUARY 17, 2025

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Summary

  • Yen soft but hovering near one-month high
  • Dollar to snap six-week winning streak on shifting rate views
  • Yuan steady after GDP data meets 2024 target of 5>#/li###
  • Markets await Donald Trump's return to the White House

Jan 17 (Reuters) - The dollar steadied on Friday, but was on track to end the week lower after a six-week winning streak, while investors turned their focus to Donald Trump's presidential inauguration and awaited the incoming administration's policies.

The yen was poised for its strongest weekly performance in over a month as expectations grow that the Bank of Japan will raise rates next week, putting the dollar on the back foot.


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