On Friday, the evergreen buck clawed back some ground, having skidded to a two-week minimum against the Japanese yen, but it was still on track for weekly losses after the Fed gathering minutes disappointed greenback bulls.
The evergreen buck tacked on 0.1%, hitting 112.76 yen, though it was just off a two-week minimum of 112.55 reached overnight and down 0.2% for the week.
The greenback failed to shrug off pressure from the Fed minutes published on Wednesday, which turned to be more dovish than some traders had expected.
US Treasury Secretary Steven Mnuchin’s remarks also applied pressure on the greenback. In his first televised interviews he told that any policy steps the Trump administration takes would probably have a limited impact in 2017.
The yield on 10-year American Treasuries descended to a two-week minimum of 2.372%overnight and it was last at 2.375%, which is below Thursday’s American close of 2.388%.
