Sharjah24 - Reuters: The dollar was set for a fourth weekly gain on Friday, as an uncertain backdrop for markets sent the yen near three-month lows ahead of an election in Japan over the weekend that could complicate the Bank of Japan's (BOJ) plans to normalise rates.
The dollar held steady, underpinned by expectations for fewer rate cuts from the Federal Reserve in coming months and by growing market bets for a possible return of Donald Trump as U.S. president.
Currency options volatility has spiked recently, reflecting the demand among traders to hedge the array of risks coming in the next two weeks.
From elections in Japan and the United States to major central bank rate decisions and Britain's first Labour budget in 14 years, investors must navigate a number of events in a short space of time, and all while concern is mounting about growth in Europe and Asia.
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