The dollar was rising, rebounding slightly after recent falls.
Investors are looking ahead to U.S. President-elect Donald Trump’s inauguration on Monday and the prospect of tariffs and growth-boosting measures such as tax cuts. These are expected to be inflationary and should boost the dollar.
“For now, the dollar may stay in a holding pattern, retaining its overvaluation against some tariff-sensitive currencies,” ING’s Francesco Pesole said in a note.
Source: finance.yahoo.com