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FOREX-Dollar edges up, markets await Trump news conference

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FOREX-Dollar treads water, Trump news conference awaited for direction

FOREX-Dollar treads water, Trump news conference awaited for direction*/

– * Dollar steady vs euro, yen* Currency market awaits Trump’s news conference for near-term cueBy Shinichi SaoshiroTOKYO, Jan 11 The dollar trod water early on Wednesday, showing little inclination to move against major peers such as the euro and yen before U.S. President-elect Donald Trump fronts a news conference that could set the market’s near-term direction.The euro was flat at $1.0552 after brushing a 10-day high of $1.0628 overnight.The dollar was steady at 115.765 yen.
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FOREX-Dollar edges up, markets await Trump news conference

FOREX-Dollar edges up, markets await Trump news conference*/

– FOREX-Dollar edges up, markets await Trump news conferenceBy Shinichi SaoshiroTOKYO, Jan 11 (Reuters) – The dollar edged higher against a basket of major currencies on Wednesday ahead of a news conference by U.S. President-elect Donald Trump in which he is expected to spell out more about his plans for the economy.The dollar index rose 0.2 percent to 102.18.The dollar rally sparked by Trump’s surprise victory in the November election has shown signs of fading, as the index has gone from a 14-year peak of 103.82 scaled on Jan. 3 to a low of 101.30 over the past week.
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FOREX-Dollar mostly steady as traders await Trump news conference

FOREX-Dollar mostly steady as traders await Trump news conference*/

– (Updates prices, adds comment)* Dollar nears multi-week low vs yen* Peso hits record low vs dollar of 21.7685 pesosBy Sam ForgioneNEW YORK, Jan 10 (Reuters) – The U.S. dollar was little changed against a basket of major currencies on Tuesday on nervousness ahead of U.S. President-elect Donald Trump’s first news conference set for Wednesday, while the Mexican peso hit a record low.Investors fretted that Trump, who takes office on Jan. 20, could shake markets by taking an aggressive line on issues such as trade policy and relations with China.The dollar index, which measures the greenback against a basket of six major currencies, has climbed more than 4 percent since Trump’s win on Nov. 8 as investors have bet his promised fiscal expansion will boost inflation and growth, leading to a faster pace of Federal Reserve interest rate increases.
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