The dollar is losing ground after the speech of Yellen, investors are waiting for the inauguration of Trump

Dollar lost momentum on Friday as the speech of the Fed's Janet Yellen of the gradual rise of interest rates was less harsh than expected. Investors are watching for the upcoming inauguration of Donald Trump on Friday.
The dollar index fell by 0.10 percent by 5.55 GMT to 101.050 points. The US currency has lost about 0.2 percent for the week.
The dollar moved away from the peak after the speech by the US Federal Reserve chairman Janet Yellen, which came in the early trading in Asia.
Yellen said that US regulators should continue to slowly raise rates to preserve the economy from the low inflation and employment, so as not to damage the economic recovery, the Fed is keen to support.
Now investors expect the inaugural speech of Donald Trump, in which they will be looking for indications of upcoming changes.
The dollar fell against the yen by 0.04 percent to 114.81 yen, heading for weekly increase by 0.2 percent.
The euro gained 0.08 percent to $1.0673, securing growth after the European Central Bank statements. For a week the single European currency has strengthened by 0.3 percent.
The ECB said yesterday that they will continue the policy of negative interest rates and buying up assets to stimulate growth.
The euro briefly fell during a press conference of ECB President Mario Draghi, who spoke about the decaying inflation and the need to further esing in Europe.
The euro fell to $1.0589 during Draghi's speech on Thursday, but later recovered after the words of the head regulator about the absence of policy changes.