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Author Topic: Dollar Strengthens on Safe-Currency Buying Amid concerns Omikron  (Read 958 times)

Bayern455

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Dollar Strengthens on Safe-Currency Buying Amid concerns Omikron

Dollar strengthens against major currencies As investors flock to the dollar as a safe-haven currency Amid concerns about the spread of the COVID-19 virus Omicron species

 The dollar index, which measures the dollar's movements against six major currencies in a basket of currencies, was up 0.35% to 96.38, while the euro was down 0.54% to 128.08 yen and 0.46% to $1.128. Weak 0.08% to 113.61 yen.

The dollar weakened yesterday. By being pressured by the appreciation of the pound and the euro. After the Bank of England (BoE) surprised markets by announcing it raised its policy interest rate to 0.25% to curb a spike in inflation, the European Central Bank (ECB) kept its policy rate unchanged. along with reducing the amount of bond purchases

The World Health Organization (WHO) says preliminary evidence indicates that vaccine against covid-19 May be less effective in preventing infection and spread of omikron strains.

Bloomberg News reported that A study by the University of Washington and Swiss pharmaceutical company Humabs Biomed SA found that Chinese sinofarm vaccines, US Johnson & Johnson vaccines, and other vaccines were found to be more effective than those in the US. and the Sputnik of Russia Poorly effective in building immunity to the COVID-19 virus. Omicron species



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