The dollar was rising, rebounding slightly after recent declines.
Investors are looking ahead to the inauguration of US President-elect Donald Trump on Monday and the prospect of tariffs and growth-boosting measures such as tax cuts. They are expected to be inflationary and should boost the dollar.
“For now, the dollar may remain in a holding pattern, maintaining its overvaluation against some tariff-sensitive currencies,” ING’s Francesco Pesole said in a note.