- December 18, 2021
- Posted by: Stratford Team
- Category: Economy
- U.S. dollar index up 0.6%
- Euro down 0.6%
- Sterling falls 0.5%
- Aussie falls 0.6%
NEW YORK, Dec 17 (Reuters) – The dollar rose on Friday as traders retreated from riskier currencies amid talk of interest rate hikes by central bankers and concerns about the spread of Omicron cases.
The dollar index against major currencies was up nearly 0.6% in afternoon trading in New York, recouping all of the value it had lost on Thursday following a series of central bank policy statements.
The euro and British pound fell 0.6% and 0.5%, respectively, after having booked gains the two previous days. The euro stood at $1.1257 and the pound at $1.3253 at 1847 GMT.
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Commodity-linked currencies, including the Australian and Canadian dollars, also lost value as crude oil prices fell 2% on worries that Omicron variant will dampen demand. read more
The Aussie fell 0.6% to $0.7138. The dollar gained 0.7% against the…
