Home » Economy » Dollar rises as Omicron fears recede

Dollar rises as Omicron fears recede

و .ثار mutant omicron Which, for the first time in South Africa, was detected in a global state of anxiety, so financial markets fell on Friday amid fears that its appearance would disrupt the global economic recovery from the Covid-19 pandemic that began two years ago..

The World Health Organization said it was not yet clear whether Omicron, which has been discovered in many countries of the world, is more capable of spreading than previous mutant or if it causes a more serious disease..

Markets calmed down a bit Monday while US stocks And oil prices, with investors adopting a more balanced approach and accepting to wait until the impact of the new mutation becomes clear.

By 2040 GMT, the US dollar index rose 2.1 percent to 96.367, after it recorded on Friday the largest one-day decline since May..

The dollar’s status as a safe haven for value qualifies it to benefit from the uncertainty, but it fell on Friday due to expectations that the emergence of the mutant will affect its value Omicron On a date when the major central banks may decide, including US Federal Reserve, raise interest rates.

The euro fell by 0.4 percent to $ 1.1271, after it had risen against the green currency on Friday.

The Japanese yen fell against the dollar, which rose 0.2 percent to 113.76 yen to the dollar.

The Swiss franc fell 0.3 percent against the US currency, after it recorded on Friday the largest jump against the dollar since June 2016.

Analysts warned that Currency markets You will likely experience more disruptions until more information is known about the new mutant.

Investment bank Goldman Sachs said it would not adjust its economic forecasts based on the emergence of Omicron until its impact becomes clear.

Regarding cryptocurrencies, bitcoin hit a seven-week low on Sunday before rising 1.2 percent in the latest trading to $58,016, but it remains well below its all-time high of $69,000 hit earlier this month.

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و .ثار mutant omicron Which, for the first time in South Africa, was detected in a global state of anxiety, so financial markets fell on Friday amid fears that its appearance would disrupt the global economic recovery from the Covid-19 pandemic that began two years ago..

The World Health Organization said it was not yet clear whether Omicron, which has been discovered in many countries of the world, is more capable of spreading than previous mutant or if it causes a more serious disease..

Markets calmed down a bit Monday while US stocks And oil prices, with investors adopting a more balanced approach and accepting to wait until the impact of the new mutation becomes clear.

By 2040 GMT, the US dollar index rose 2.1 percent to 96.367, after it recorded on Friday the largest one-day decline since May..

The dollar’s status as a safe haven for value qualifies it to benefit from the uncertainty, but it fell on Friday due to expectations that the emergence of the mutant will affect its value Omicron On a date when the major central banks may decide, including US Federal Reserve, raise interest rates.

The euro fell by 0.4 percent to $ 1.1271, after it had risen against the green currency on Friday.

The Japanese yen fell against the dollar, which rose 0.2 percent to 113.76 yen to the dollar.

The Swiss franc fell 0.3 percent against the US currency, after it recorded on Friday the largest jump against the dollar since June 2016.

Analysts warned that Currency markets You will likely experience more disruptions until more information is known about the new mutant.

Investment bank Goldman Sachs said it would not adjust its economic forecasts based on the emergence of Omicron until its impact becomes clear.

Regarding cryptocurrencies, bitcoin hit a seven-week low on Sunday before rising 1.2 percent in the latest trading to $58,016, but it remains well below its all-time high of $69,000 hit earlier this month.

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