Most major currencies are still maintaining gains since the beginning of the week, supported by news that the Omicron covid variant is less aggressive than initially thought.
While holdings on safe-havens continued to decline, the yen weakened to around a one-week low against the US dollar as well as being affected by a less encouraging reading of Japanese economic data.
Demand for the greenback dollar also declined, causing the king of the currency to trade gloomily as investors began to be cautious ahead of the release of U.S. inflation data on Friday.
Examining risky currency movements, the Aussie dollar continued to maintain its strengthening momentum to trade higher, approaching a one -week high against the USD.
In addition, policy support by China to boost economic growth and help the country's real estate sector also maintain positive sentiment in the market to give strength to the risk -sensitive currency.
The pound, meanwhile, hovered around the same price following investor vigilance amid rising Omicron cases in the UK. A total of 101 new Omicron cases were recorded on Tuesday, bringing the latest number to 437.
The euro still maintained gains from the German economic sentiment data readings of the ZEW survey despite a slightly slow reaction, while also getting a boost from the greenback’s slump.
