US Dollar Index approaches 2022 with mild gains around 96.00 By anilpanchal7 DollarIndex RiskAppetite Coronavirus Inflation Macroeconomics
Omicron, geopolitics underpin safe-haven demand of the greenback.
Reuters’ tally for the US seven-day average of new coronavirus cases refreshes record top for the second consecutive day with 290,000 latest figures. The same is the conditions with Europe, Australia and the UK while some of the Asian nations have also registered pick-up in covid infections. The same push Health Experts and World Health Organizations to warn over year-end celebrations.
It’s worth noting that the firmer US data joined five-week high US inflation expectations, per 10-Year Breakeven Inflation Rate numbers from the Federal Reserve Bank of St. Louis , favored the DXY to rebound the previous day. The US Initial Jobless Claims eased to 198K versus 208K expected during the week ended on December 24. Further, Chicago Purchasing Managers’ Index rose past 62.0 forecast to 63.1 for December.
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