Investors.com continues to evaluate the impact of Dollar Up investors on Omicron

Author: Gina Lee

Investing.com – The dollar fell in Asia on Wednesday morning, but movements were small as investors continued to assess the global impact of the omicron COVID-19 variant on the economic recovery.

Those who follow the greenback against a basket of other currencies rose 0.01% to 96,500 at 22:36 ET (3:36 GMT).

The pair rose 0.02% to 114.11 on the day of its last meeting.

The pair was down 0.25% at 0.7136 and the pair was down 0.18% at 0.6751.

The pair rose 0.01% to 6.3724 and the pair fell 0.05% to 1.3259.

The euro fell to about $ 1.1277 since Wednesday.

Investors are struggling to explain the “risk” mood, with some saying the market is struggling to assess the effects of omicron, which led to untimely volatility.

Currency volatility is typically low in the coming weeks and after Christmas, but “some seasonal trends this year will be compounded by the threat of forcing new cuts with the Omicron variant and markets still processing a week full of important central bank decisions,” ING analysts said. he told Reuters.

With Omicron expanding in Europe, the US and Asia, some countries are considering re-implementing restrictive measures. British Prime Minister Boris Johnson urged people to be careful, but ruled out stricter restrictions ahead of the holiday. In Germany, the gathering is likely to be limited to 10 people and France will be limited to New Year’s Eve celebrations.

However, the US Food and Drug Administration may approve COVID-19 treatment pills Pfizer Inc. (NYSE 🙂 and Merck & Co. . Inc. (NYSE 🙂 This week it boosted investor sentiment.

While also helping to improve sentiment, U.S. President Joe Biden is optimistic that he will reach an agreement with Sen. Joe Manchin to push the $ 1.75 trillion Build Back Better bill through Congress.

Meanwhile, the Turkish lira is ready for another changing day. The currency was up 6% on Tuesday, down 8.6% and up 18.5%.