Dollar Up, But Continues Small Moves on Last Trading Day of 2021 By Investing.com

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By Gina Lee

Investing.com – The dollar rose on Friday morning in Asia, continuing its small upward moves as 2021 ends.

The one that tracks the greenback against a basket of other currencies rose 0.08% to 96,040 before 22:44 ET (3:44 AM GMT).

The pair rose 0.03% to 115.09.

The pair was up 0.06% at 0.7253 while the pair was down 0.11% at 0.6822.

The pair rose 0.08% to 6.3743. showed that December was 50.3, while the was 52.7. Both figures were above the 50 mark indicating growth.

Chinese debt sector of properties, and some initial coupon payment dates for Kaisa Group Holdings Ltd.’s dollar bonds (HK 🙂 (HK: 1638), in particular, was also on the radars of investors.

The pair rose 0.02% to 1.3497.

Japanese markets closed for the day. with Australian markets due to having an early end to the day. Volumes were sluggish on the last trading day of 2021 for some markets, meaning moves are likely to be more exaggerated.

U.S. data released on Thursday showed that it fell to 198,000 last week, with the job market apparently not distorted by the spread of the omicron COVID-19 variant. The data also said the 63.1 was higher than expected for December.

COVID-19 will continue to be a key factor in the investor perspective as the number of global COVID-19 cases continues to grow. The number exceeded 286 million as of Dec. 31, according to data from Johns Hopkins University.

However, some investors downplayed the impact of the variant.

“The market is blaming many of the risks coming out of omicron now in terms of growth and the supply chain,” Adam Button, chief analyst at ForexLive, told CNBC.

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