03-01-2017 00:30 via uk.news.yahoo.com

Dollar resumes its ascent, Asia keeps wary eye on yuan

A holiday in Japan made for quiet early trade, leaving the dollar steady at 117.36 yen but well up on Friday's trough of 116.05. The euro was sulking at $1.0461 despite strong manufacturing data for the currency bloc, having surrendered all of Friday's brief spike to $1.0700. The greenback had soared to 14-year highs in December on speculation 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 debt
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