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The dollar is seeing its gains capped by the attractiveness of the yen and the Swiss franc
FOREX Uncertainty over the impact of the Omicron variant continues to condition the behaviour of investors, with risk aversion gaining traction in the markets, as illustrated by yesterday’s selloff in US equities. The US dollar, a currency we would have expected to benefit from the Federal Reserve’s increasing hawkishness in a more pronounced way, is[…]
The Dollar is rising during the early part of Tuesday’s session
FOREX The US Dollar Index is rising during the early part of Tuesday’s session, as investors weigh the risks posed by the Omicron virus variant against Jerome Powell’s enhanced hawkishness. The Chair of the Fed, who until recently had been firmly on the side of ‘team transitory’, surprised observers during a testimony to the US[…]
The US dollar losing streak continues throughout the early part of Tuesday’s session
FOREX The US dollar losing streak started on Friday and is carrying on through the early part of Tuesday’s session, following the emergence of the Omicron variant which has climbed to the top of investors’ concerns. This sentiment has been compounded by a statement from the Chair of the Federal Reserve, Jerome Powell, who on[…]