The greenback remained stable ahead of the release of the US NFP jobs report in the New York session, while most major currencies showed depreciation.
The growing spread of Omicron coronavirus variants in many countries around the world has supported safe-havens such as the U.S. dollar and yen as well as suppressing risky currencies.
While it is still unknown about its impact on the economy and the efficacy of the Covid-19 vaccine on the variant, investors remain concerned as most countries have tightened their border controls.
This uncertainty led the Aussie dollar and kiwi trading to fall to one-year lows in the European session, where they traded around 0.7000 and 0.6775 prices, respectively.
The Australian Central Bank (RBA) policy meeting became the focus of investors to see the reaction of policymakers to the signal given by the US Federal Reserve to tighten its policy.
Meanwhile, the pound and euro continued to trade under pressure as the US dollar strengthened.
The Canadian dollar continued to trade lower as investors' focus was also on the release of Canadian employment data in the New York session. The rise in world crude oil prices in today’s trading session failed to lift the loonie.
