Dollar recovers from two-week lows in holiday-thinned market

The greenback soared to 14-year highs in December, boosted by market expectations that the U.S. Federal Reserve will hike rates as many as three times this year, and that President-elect Donald Trump will stoke growth and inflation with a programme of fiscal expansion. "The market is unfortunately getting increasingly used to such events - it barely reacts to them anymore," said Commerzbank's Reichelt.