Market News
Firm dollar keeps pound, euro and yen under pressure - REUTERS
By Ankur Banerjee and Greta Rosen Fondahn
Summary
- Sterling in biggest three-day slide in two years
- Euro hovers near 2-year low, investors wary may fall to $1
- Yen rooted near levels that brought intervention in July
- Investors gird for Trump tariff plans
SINGAPORE/GDANSK, Jan 9 (Reuters) - The U.S. dollar charged ahead on Thursday, underpinned by rising Treasury yields, putting the yen, sterling and euro under pressure near multi-month lows amid the shifting threat of tariffs.
The focus for markets in 2025 has been on U.S. President-elect Donald Trump's agenda as he steps back into the White House on Jan. 20, with analysts expecting his policies to both bolster growth and add to price pressures.