Dollar Rises- After the Fear of Omicron

On Monday morning, the dollar has strengthened in Asia, as investors are gradually weighing the risk. However, after the discovery of COVID-19 Omicron, investors are still cautious, as no real conclusion can be made about this new species yet.

The U.S. dollar index, against other currencies in the basket, rose 0.19% to 96.290.
The yen rose 0.33% to 113.68 yen per dollar.
The Australian dollar rose 0.27% to 0.7143.
The Australian dollar recovers after falling 1%.
The New Zealand dollar rose 0.09% to 0.6832.
The yuan fell 0.16% to 6.3822.
The pound fell 0.05% to 1.3333 pounds per dollar.

The Discovery of the Omicron strain in South Africa last week has prompted some countries to implement border measures. That said, cases have been reported in countries such as Australia, the United Kingdom, Canada, Germany and Hong Kong.

A stable baht opened this week at 33.740 baht per U.S. dollar. On the weaker side, the baht could fluctuate after the market was concerned about the breakout of Omicron.

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