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Commodity currencies boosted by hopes Omicron will be mild

Tuesday,   07-Dec-2021   03:31 (IST)

The dollar index was steady and riskier currencies picked up on Tuesday, as traders bet that the Omicron variant of COVID-19 would not be as severe as previously expected. Asian shares staged a recovery overnight and oil prices climbed as risk appetite improved following reports in South Africa earlier in the week saying that Omicron cases there had only shown mild symptoms. On Sunday, the top U.S. infectious disease official, Anthony Fauci, told CNN "it does not look like there's a great degree of severity" so far. The Australian dollar led gains on Tuesday, up 0.6% at $0.70915 ...

Sterling edges up amid expectations of BoE tightening in February

Tuesday,   07-Dec-2021   03:29 (IST)

Sterling was slightly higher on Tuesday, while some in the market bet that the Bank of England will raise interest rates in February 2022 after keeping them unchanged this month. In a research note la...

Dollar Edges Lower; Omicron News, China Cut Help Risky Currencies

Tuesday,   07-Dec-2021   01:55 (IST)

The dollar edged lower Tuesday, with traders seeking out riskier currencies on early signs that the symptoms associated with the Omicron Covid variant are mild, while a Chinese rate cut added to marke...

Safe haven currencies pressured by hopes Omicron is mild

Tuesday,   07-Dec-2021   08:51 (IST)

The dollar was supported against safe-haven currencies such as the Japanese yen on Tuesday, hanging on to an overnight jump made with U.S. yields as investors hoped early signs the Omicron variant may...

Dollar ticks up as Treasury yields partly claw back fall

Monday,   06-Dec-2021   03:35 (IST)

The dollar ticked higher on Monday as Treasury yields rose off last week's 2-1/2-month lows following news that initial observations suggested those suffering from the Omicron COVID-19 strain only...

Sterling edged higher as traders await BoE's Broadbent speech

Monday,   06-Dec-2021   03:34 (IST)

Sterling edged higher against the dollar on Monday, but remained close to a 2021 low hit last week as investors awaited a speech on monetary policy and economic growth from Bank of England Deputy Gove...

Dollar Edges Higher; Euro Hit by Weak German Factory Orders

Monday,   06-Dec-2021   02:16 (IST)

The dollar traded higher Monday, boosted by uncertainty over the omicron Covid variant and expectations the Federal Reserve will quickly tighten monetary policy, while the euro weakened after disappoi...

Australia, NZ dlrs recover but Omicron volatility ahead

Monday,   06-Dec-2021   10:02 (IST)

The currencies of Australia and New Zealand recovered some ground against the greenback on Monday after last week's 13-month lows as the spread of the Omicron variant clouded the global growth out...

Dollar gains on rate hike bets ahead of jobs data

Friday,   03-Dec-2021   03:32 (IST)

The dollar gained on Friday against most major currencies as traders positioned ahead of key U.S. jobs data that could clear the path for an earlier rate hike by the Federal Reserve. Fed officials spe...

Sterling edges lower as dollar strengthens, eyes on BoE

Friday,   03-Dec-2021   03:22 (IST)

Sterling edged lower on Friday as the potential for earlier Federal Reserve interest rate hikes strengthened the dollar overnight, although pandemic uncertainties continued to weigh on the broader for...