Rate outlook sets dollar for fourth weekly gain; yen wobbles

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The dollar index inched higher on Friday and was set for a fourth-consecutive weekly gain as investors braced for U.S. interest rates to be higher for longer after a set of strong U.S. economic data.

This will likely be displayed yet again with January’s personal consumption expenditures price index - the Fed's preferred inflation measure - due at 13:30 GMT, but markets will likely wait for more Fed comments and February data for further rate hikes repricing, Harvey added.

"We’re in a bit of a wait-and-see pattern in markets, with the dollar holding up firm and momentum largely driving minor moves in major currency pairs," Harvey said.UEDA, JAPAN INFLATION

 

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