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Dollar Down, Aussie Up as Receding Omicron Fears Increases Risk Appetite


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By Gina Lee, 8th December 2021.

Investing.com – The dollar was down on Wednesday morning in Asia, while the Australian dollar hit a one-week high. Investors’ risk appetite increased over indications that the omicron COVID-19 variant is less severe, even though existing vaccines cannot afford full protection.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.23% to 96.150 by 11:41 PM ET (4:41 AM GMT).

The AUD/USD pair was up 0.27% to 0.7137 and the NZD/USD pair inched up 0.10% to 0.6795.

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