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Dollar index had its worst week since the beginning of September

Asian stocks mostly rose and the safe-haven dollar backed off as signs came that the Omicron variant would not significantly impact global economic growth.

Dollar index had its worst week since the beginning of September

In Aysa markets, other risk assets, from Bitcoin to the Australian dollar, retained their gains in recent days as the dollar prepared for its worst week since September, finding support as concerns over the severity of the novel coronavirus variant have subsided.

ASIAN EXCHANGES IN MIXED TRACKING
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent. Japan's Nikkei index rose 0.1 percent after the S&P 500 index closed at a record high.

On the other hand, some markets declined as more stringent measures were introduced to contain the spread of Omicron. The Chinese locomotive index fell 0.32% a day after 13 million residents were quarantined after the number of cases rose in the northwestern city of Xi'an.

DOLLAR INDEX LOSE
In the foreign exchange markets, the dollar index recorded the level of 96,067. The index has fallen 0.6 percent since the close on Friday, although it was little changed during the day. This week has been the worst week for the index since the beginning of September.

The yield on US ten-year Treasury bonds was 1.4926 at the close yesterday, and in parallel with the increasing risk appetite of investors at the beginning of the session, government bonds touched a one-week high of 1.5010.

 

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