Dollar Dips as Omicron Spreads Rapidly – 20 December, 2021

The dollar extended its overnight losses after a blow to Democratic spending plans in Washington. The dollar index was down to as low as 96.450 having lost 0.12% overnight against a basket of six major peers. The euro was slightly higher at $1.1282 and the safe haven yen was standing art 113.7 per dollar. After Prime Minister Boris Johnson announced he would tighten coronavirus curbs to slow the spread of Omicron, the pound was soft at $1.3213. The Aussie dollar was steady at $0.7112, and the New Zealand dollar was stable at $0.6717. Bitcoin was up 4% to $48,700.