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The dollar is rising globally
Shafaq News/ The dollar rose on Friday amid a calmer tone broadly in the markets as concerns about the impact of the "Omicron" mutator eased.
Scientists in South Africa, where the Omicron variant was first discovered last month, said current vaccines should protect against severe disease and death. The three Omicron cases identified in the United States also had mild symptoms.
The dollar index continued for a third day, up 0.03% to 96.117. Over the course of the week, the dollar did not change much, despite the sharp drop on Tuesday. But on Friday last week, the index fell 0.70%, the biggest drop since May.
The money market is seeing high odds that the Federal Reserve will raise the target rate by a quarter point at its June meeting.
The dollar was down 0.09% to 113.10 yen on Friday, but that came after rising 0.4% overnight.
The euro was little changed at $1.13025, consolidating after dropping to a nearly 17-month low of $1.1186 last week.
The risk-sensitive Australian dollar fell 0.12 percent to $0.7084, in its fourth losing session.
Both the European Central Bank and the Reserve Bank of Australia held dovish positions, pushing back on market bets that policy makers will have to bend to inflation pressures.
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Scientists in South Africa, where the Omicron variant was first discovered last month, said current vaccines should protect against severe disease and death. The three Omicron cases identified in the United States also had mild symptoms.
The dollar index continued for a third day, up 0.03% to 96.117. Over the course of the week, the dollar did not change much, despite the sharp drop on Tuesday. But on Friday last week, the index fell 0.70%, the biggest drop since May.
The money market is seeing high odds that the Federal Reserve will raise the target rate by a quarter point at its June meeting.
The dollar was down 0.09% to 113.10 yen on Friday, but that came after rising 0.4% overnight.
The euro was little changed at $1.13025, consolidating after dropping to a nearly 17-month low of $1.1186 last week.
The risk-sensitive Australian dollar fell 0.12 percent to $0.7084, in its fourth losing session.
Both the European Central Bank and the Reserve Bank of Australia held dovish positions, pushing back on market bets that policy makers will have to bend to inflation pressures.
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