January 17, 2025 4:13 PM

FX, stocks steady ahead of Trump’s inauguration; eyes on Gaza ceasefire

Emerging market currencies were broadly steady on Friday as investors exercised caution ahead of U.S. President-elect Donald Trump's inauguration next Monday, while also monitoring developments in the Middle East after the Gaza ceasefire deal. Investors' focus was on a meeting of the Israeli cabinet, which is expected to give final approval to a deal with Hamas for a ceasefire and release of hostages. Israel's shekel was set to notch its best week since November. Israel's government dollar bon...