Market News
Dollar steady ahead of Trump inauguration, but set to end week lower - REUTERS
By Ankur Banerjee and Greta Rosen Fondahn
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.