• The dollar inched up from a five-week low against the yen and steadied against the broader basket of currencies on Friday, while the markets brushed off softer-than-expected Chinese exports figures.
The dollar index, which measures the greenback against a basket of six major peers, stood at 101.54 after having fallen to 100.72 .DXY on Thursday, its lowest level since Dec. 8.
• Federal Reserve officials cautioned on Thursday that the fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost for longer-run inflation and debt problems they might have to counteract.
The new administration is taking over "at a time of arguably full employment," Evans said. "The U.S. economy could experience a burst of four percent growth for a year or two or more...But unless this is accompanied by sustainable structural improvement in labor and productivity growth, such GDP growth would ... ultimately lead to more restrictive financial conditions."
• Oil prices inched up on Friday, supported by reports on details of OPEC output cuts, although lingering doubts over producer compliance with supply reduction targets weighed on the market.
Brent crude futures, the international benchmark for oil prices, were trading at $56.04 per barrel at 0632GMT, up 3 cents from their last close.
U.S. West Texas Intermediate (WTI) crude futures were also up 3 cents at $53.04 per barrel.
Reference: Reuters
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