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© Reuters. File image of a woman walking past a currency exchange in Sao Paulo, Brazil.
Por Tommy Wilkes
LONDON, Dec 22 (Reuters) – The dollar rose on Wednesday, while the euro and riskier currencies such as the Australian dollar fell as traders brace for higher volatility and the impact of rising omicron cases. of COVID-19.
* Movements in the currency market were generally scarce, as trading volumes are low on the eve of the Christmas holidays.
* The Australian dollar lost 0.4% to 0.7121 dollars, and its New Zealand pair fell to 0.6742 dollars, after having advanced strongly the day before along with the world and stocks.
* Amid small declines in the British pound – also benefiting from Tuesday’s rise – and the euro, it broke two days of losses and appreciated a bit, at 96,551 units, although it is still within its recent ranges.
* The weeks on either side of Christmas are typically low in volatility for currencies and other asset classes, analysts at ING (AS 🙂 said, although “this year some seasonal trends will mix with the omicron variant, threatening to force further restrictions as markets still process a week full of key central bank decisions. “
* In emerging market currencies, traders were bracing for another day of volatility for the Turkish lira, which closed 6% higher on Tuesday, after falling 8.6% and climbing to 18.5 %. In its last operations, it yielded about 1.4%, at 12.57 units per dollar.
(Additional reporting by Alun John in Hong Kong; edited in Spanish by Carlos Serrano)
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