May 25, 2022

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The dollar fluctuated against the euro due to the fear of “Omigron”.

The dollar rose slightly to a one-year high against the euro against the euro yesterday, amid concerns over a new mutation from the “corona” virus.

Despite the turmoil caused by the spread of “Omicron”, the dollar index rose 0.03% after recording its strong monthly performance since June.

The dollar’s volatility against the euro reached its highest level this year, with the single European currency hitting its highest level in two weeks the day before yesterday, reversing as the dollar rose.

Jerome Powell, head of the Federal Reserve (US Central Bank), said at a meeting of the bank this month that it may accelerate its pace of reducing its bond-buying program. The pound rose 0.15% to $ 1.3318 in early trade in London, hitting its lowest level since yesterday in December.


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