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Dollar steadies vs. yen after sell-off on Trump presser

Published 01/13/2017, 03:03 AM
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Investing.com - The dollar Friday steadied after 5-week lows against the yen after a sell-off on Donald Trump's failure to deliver details of his economic policies.
The dollar was down 0.02% at 114.68 yen at 02:30 ET. The dollar index was off 0.17% at 101.29.
Fed Chair Janet Yellen said Thursday she sees no major obstacles in the way of the U.S. economy.
The outlook is for further progress by the dollar against other major currencies on expectations of further U.S. rate hikes.
The FOMC December meeting pointed to three rate hike this year although the market is only pricing in two.
The euro was firm at the $1.06 level, while sterling held on to the $1.21 mark,
The market shrugged off a fall in Chinese exports for December as fears of a trade war with the U.S. war loom.

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