Dollar firms against euro and yen as US trade pressure mounts

The dollar held onto gains today, after a tax cut bill championed by US President Donald Trump cleared the final hurdle in Congress, and pressure mounted on countries to strike trade deals with the United States.

The dollar rose from multi-year lows against the euro and the pound, hit earlier this week, after stronger-than-expected US jobs data delayed a potential US interest rate cut.

The dollar index was little changed at 97.056 after rising 0.4% on Thursday. The euro rose 0.1% to $1.1765. The dollar fell 0.2% to 144.69 yen, paring a 0.8% gain from the previous session.