Dollar and Yen Dip In Quiet Holiday Trading – 29 December, 2021

Investors favored riskier currencies and equities causing the dollar and yen to dip in thin holiday trading, a move that may be linked to improved sentiment as many governments resist lockdowns despite the spread of the omicron variant. The euro was 0.35% higher to $1.1352, having touched a one month high the previous session. Sterling was at its highest since November 19 after gaining 0.44% overnight to $1.3500. Against a basket of major currencies, the dollar index was at 95.862, just above a month low. After touching a one month low of 115.03 the previous session, the yen last stood at 114.95 per dollar. The Aussie was at $0.7254 after holding on to recent gains.