The US dollar rebounded against a basket of major currencies on Wednesday (1st). According to reports, the Omicron variant virus has become a major virus strain in South Africa, and the first case occurred in the United States. Oil prices fell and the Australian dollar and other commodity currencies suffered a setback. Traders continue to evaluate that Omicron has a plan to accelerate the reduction of debt purchases by the chairman of the Federal Reserve Commission (Fed).
In late New York trading, the ICE Dollar Index (DXY), which tracks the trend of the U.S. dollar against six major currencies, rose 0.1% to about 96, and fell 0.3% earlier.
The U.S. dollar climbed higher against the Canadian dollar, Australian dollar, New Zealand dollar, euro, and pound sterling, but fell 0.3% against the yen to 112.805 yen, as the yen is generally regarded as a safer currency.
Independent foreign exchange analyst Erik Bregar said: “This is a typical hedging trend in the foreign exchange market. The U.S. dollar has outperformed other currencies against commodity currencies.”
The rebound of the US dollar highlights the rapid changes in the foreign exchange market, and traders are weighing the impact of the Omicron virus on the accelerated reduction in bond purchases suggested by Bang Er.
Omicron became mainstream in South Africa, and the first case occurred in the United States. Marc Chandler, chief market strategist at Bannockburn Global Forex, said, “A lot of theories about the new variant virus contradict each other, and then Bauer’s conversation shocked the market, and people were still very nervous.”
The United States announced on Wednesday that the ISM manufacturing index rose in November. The report showed that demand for goods is booming and inflation continues to increase. In addition, ADP, which is regarded as a “small non-agricultural”, shows strong private employment, which makes people look forward to the official announcement on Friday. Monthly non-agricultural employment.
The U.S. dollar has appreciated by nearly 7% this year, and rose by 1.9% in November alone, the largest monthly increase so far in June.
The euro depreciated 0.2% to 1.1314 US dollars.
The pound slid 0.2% against the U.S. dollar and appreciated 0.4% earlier. Vaccines face doubts about the effectiveness of the new variant virus, making it difficult for the pound to recover from the nearly one-year low hit earlier this week.
The Australian dollar depreciated 0.4% to 0.7103 US dollars. The New Zealand dollar fell 0.3% to 0.6805 US dollars.
In terms of cryptocurrencies, Bitcoin rose by less than 1% to $57,220.
As of Thursday (2nd) about 6:00 Taiwan time Price:
The pound to dollar exchange rate was reported to be 1.3271 U.S. dollars to 1 pound sterling. -0.23%
The exchange rate of Australian dollar to US dollar was reported to be 0.7104 US dollars to 1 Australian dollar. -0.35%
The exchange rate of US dollar to Canadian dollar is reported to be 1.2819 Canadian dollars per US dollar. +0.33%
The exchange rate of U.S. dollar to Japanese Yen is reported to be 112.79 Yen to 1 U.S. dollar. -0.31%