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Currencies: Dollar looks for clarity from Trump news conference

The U.S. dollar edged lower against its major rivals on Tuesday as investors held off on drastically changing their positions a day ahead of Donald Trump’s scheduled news conference, which could provide some clarity into the president-elect’s legislative priorities.

The buck has surged 5.2% over the past three months, with much of that coming since Trump’s election in early November. Investors are betting his policies will both accelerate economic growth and stoke inflation.

The U.S. dollar index, which looks at the currency against a half-dozen rivals, dipped 0.1% to 101.82. It remains about 1% from its highest level since 2002. Meanwhile, the WSJ Dollar Index BUXX, -0.06% a measure of the U.S.

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