The US dollar did not change much in the market opening just now on Friday, therefore, it is expected to close lower positions today following signs of recovery in the Covid-19 pandemic outbreak. This has revived the risk appetite of market players.
The US dollar index, which measures the US dollar against six major currencies, traded slightly lower by 0.02% to a trading level of 96.035. At the same time, the movement of other major currencies was also limited with the Euro also milking 0.05% to the trading level of 1.1319.
However, the US dollar has lost between 1% and 1.5% this week against sterling and the Canadian dollar. the previous one.
Data on Thursday showed continued inflation in the U.S. was not enough to influence the behavior of market players as growing evidence suggests that the Omicron variant of Covid-19 is less likely to lead to serious illness.
Trading was more stagnant by December 25. Only the Turkish lira showed significant movement following the attempted retaliation from the Turkish President.
On the other hand, the crypto market also showed positive sentiment in the market with the rise in the price of Bitcoin (BTC) which returned to break the $ 50,000 price level starting at midnight yesterday.
At the time of writing, this crypto king is trading at $ 51,128 with a jump of almost 6% in 24 hours.
