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FOREX-Dollar grinds higher ahead of Trump news conference

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FOREX-Dollar hits 1-month low vs key rivals after Trump news conference

FOREX-Dollar hits 1-month low vs key rivals after Trump news conference*/

– * Trump disappoints expectations for pro-growth message* Dollar hits one-month low vs yen of 114.26 yen* Mexican peso bucks trend, hits record low vs dollar (Updates prices, adds comments)By Sam ForgioneNEW YORK, Jan 11 (Reuters) – The U.S. dollar fell to a one-month low against a basket of major rivals on Wednesday, reversing an early rally after a news conference held by President-elect Donald Trump disappointed dollar bulls who were expecting a pro-growth message.The greenback, which hit one-week highs against the euro and franc and a three-month high against sterling before the conference, turned negative against those currencies after Trump attacked U.S. intelligence agencies and denounced claims he had been caught in a compromising position in Russia but did not elaborate on his economic policy agenda.Investors have been betting Trump will boost public spending and spur repatriation of overseas funds by U.S. companies, policies expected to bring higher inflation and induce the Federal Reserve to raise interest rates at a steady pace.
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FOREX-Dollar grinds higher ahead of Trump news conference

FOREX-Dollar grinds higher ahead of Trump news conference*/

– * Dollar steadies after rough week, inches up vs yen* Expectations of pro-growth message from Trump news conference* Also eyed for signs of protectionism, concerns over dollar gains (Updates with dollar gains, more comment)By Patrick Graham and Aine QuinnLONDON, Jan 11 The dollar gained ground against the yen, euro and pound on Wednesday, as expectations of a pro-growth message from U.S. President-elect Donald Trump’s first news conference prevailed over worries about what he will say on trade and China.The dollar has gained broadly since Trump’s victory in November as investors bet he would boost public spending and spur repatriation of overseas funds by U.S. companies, policies expected to bring higher inflation and interest rates.But more doubts have emerged in recent weeks about that narrative, and investors will have a close eye on what the new president says about labelling China a currency manipulator and free trade more generally.
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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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