The greenback dollar maintained its strengthening momentum to continue to trade higher against its major rivals in the European session.
Investors still seem to be ignoring current developments regarding the Covid-19 contagion due to the increasingly violent Omicron variant around the world.
Most recently, the United States reported daily Covid-19 cases on Monday had hit the 1 million mark. According to data published by Johns Hopkins University, about 1 in every 100 Americans tested positive for Covid-19 last week.
Not only that, the daily case figure this week showed a double increase from about 590,000 cases four days ago which is also double the number of cases recorded in the previous week.
Even so, this contagion is seen as still not of concern to the US as it does not increase the number of deaths and hospital admissions.
This keeps investors from focusing on these developments and instead clinging to confidence in the Federal Reserve (Fed) to tighten its policy with interest rate hikes this year.
The release of US ISM survey manufacturing PMI data tonight will be the main concern of investors who are expected to show some slower growth in December.
Examining the movement of the European currency, the pound traded back to the price level of 1.3500 against the US dollar. Meanwhile, the euro is seen trying to gather strength to rise again following the fall caused by the previous USD surge.
