Dollar Up as Omicron Fears Die Down By Investing.com

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By Gina Lee

Investing.com – The dollar rose in Asia on Tuesday morning as it began to retreat.

The one that tracks the greenback against a basket of other currencies fell 0.09% to 96,245 before 12:12 AM ET (5:12 AM GMT).

The pair was up 0.19% at 113.68.

The pair was up 0.37% at 0.7075, keeping its interest rate unchanged at 0.10% earlier in the day. The pair was up 0.19% at 0.6763.

The pair was down 0.07% at 6.3712. Chinese data released earlier in the day showed they grew 22% year-on-year, and grew 31.7% year-on-year, in November. The was at $ 71.72 billion.

The pair was up 0.15% at 1.3284.

“Although there is still much uncertainty about the health and economic impact of Omicron, investors have accepted news from South Africa suggesting that the exponential growth of Omicron infections has not been followed by a big wave in hospitalizations,” NAB strategist Rodrigo Catril told Reuters.

Ntsakisi Maluleke, a public health specialist in Gauteng province in South Africa, said over the weekend that patients with omicron had only shown mild symptoms.

Meanwhile, China has moderated its monetary policy by reducing banks’ reserve requirements for the second time in 2021. The People’s Bank of China will reduce the reserve requirements of most banks by 0.5 percentage points next week, issuing CNY 1.2 trillion ($ 188.16 billion). liquidity.

The Reserve Bank of India will deliver its policy decision on Wednesday. The, the, and the will will all deliver their political decisions in the next week.

Although the Reserve Bank of New Zealand rose to 0.75% in November, some investors said the move was bad for growth.

“It looks like the market is tired of the New Zealand good news, and less willing to reward currencies leading to higher interest rates,” analysts at ANZ Bank said in a note.

“They normally signal strong growth, but in a supply-limited world, higher rates may be a signal of slower growth to come. helping the New Zealand dollar. “

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