Dollar Recovers on Fed Chair Speculation
Yahoo Finance·2026-01-17 04:41
EUR/USD (^EURUSD) on Friday gave up an early advance, fell to a 6-week low, and finished down by -0.08%. Friday's dollar strength weighed on the euro. The euro initially moved higher on Friday after ECB Chief Economist Philip Lane said he's comfortable with the ECB's monetary policy settings.The dollar is also under pressure as the Fed boosts liquidity in the financial system, having begun purchasing $40 billion a month in T-bills in mid-December. The dollar is also being undercut by concerns that President ...