Business News Asia
Omicron confusion makes the U.S. dollar rise as well as increases demand for the Japanese yen. Burdened the South African rand and the Australian dollar.
- The dollar index against a basket of six other currencies rose slightly to 96.090.
- EUR/USD fell slightly to 1.1315.
- GBP/USD was up 0.2% to 1.3299.
- USD/JPY was up 0.4% to 113.23.
- AUD/USD rose 0.1% to 0.7110.
- USD/ZAR fell 0.3% to 15.9760 after surging more than 1% overnight.
Decisions on the future path of the U.S. dollar could be made at the Fed’s December meeting. According to the Fed, there are now serious discussions about whether the QE program should be reduced after all. The news about a possible monetary policy change let the bond yields rise recently.
Meanwhile, private sector employment rose by 534,000 in November, according to ADP, less than in October but more than expected.
Investors are awaiting the government’s highly-anticipated non-farm payrolls report on Friday.
Elsewhere, USD/TRY rose 1.5% to 13.4581, bringing the lira near a record low.