Down with Dollars, Omicron Fears Investing.com Shines Brighter Economic Forecasts

Author: Gina Lee

Investing.com – The dollar fell in Asia on Thursday morning as optimism about global economic outlook sparked investors’ risk appetite. However, the continued rapid expansion of the omicron COVID-19 variant remains a concern.

The greenback continues against a basket of other currencies that fell to 0.03% to 96,028 at 23:09 ET (4:09 GMT).

The pair rose 0.02% to 114.13.

The pair fell 0.1% to 0.7206 and the pair rose 0.03% to 0.6808.

The pair rose 0.02% to 6.3707 while the pair stabilized at 1.3348.

Earlier in the week, Omicron’s expansion and consequent government restrictions were jeopardized by a sense of danger. A study in South Africa showed that patients with the omicron variant reduce the risk of hospitalization and serious illness compared to the delta variant.

It also helps to improve the feeling, Pfizer Inc. (NYSE 🙂 COVID-19 Antivirus Therapy, Paxlovid, led by the U.S. Food and Drug Administration on Wednesday.

In the face of the data, US data on Wednesday showed a 2.3% quarter-on-quarter increase in the third quarter of 2021. 6.46 million in November and 115.8 million in December.

More data will need to be updated, including,,, and. In addition, as well as the University of Michigan and indexes.

The central bank is also tightening its monetary policy, and the US Federal Reserve has taken a black tone at its recent policy meeting.

“The strength of ongoing data should help boost Fed prices, especially among reports that omicron appears to be causing fewer hospitalizations,” TD Securities analysts said in a report.

The Bank of England also raised its interest rate to 0.25% in a recent decision last week. However, the unforeseen move “has provided limited support for the pound, but the rapid spread of omicron in the UK could keep pressure on the pound at Christmas, especially as the government may be able to impose some new restrictions,” the ING said in a recent statement.