What you need to know on Tuesday, January 4:
The dollar is the best performer on Monday, appreciating against all its major rivals thanks to high yields on US government bonds. The yield on the US 10-year Treasury note started the day at 1.53. %, jumping to 1.635% in the US mid-afternoon, holding close as the day draws to a close.
Concerns related to the coronavirus overshadowed the mood of the market, since the Omicron variant is in fact a tsunami of infections, as the WHO anticipated a couple of weeks ago, which affects not only the northern hemisphere. So far, governments have avoided imposing restrictions, but the situation may worsen if health systems begin to suffer strains.
US stocks advanced despite the bad mood, with the DJIA scoring more than 100 points.
The EUR / USD pair is trading a few pips below the 1.1300 level, while the GBP / USD lost the 1.3500 level. Commodity currencies were down against the dollar, with AUD / USD trading around 0.7190 and USD / CAD currently at 1.2754.
The dollar appreciated even against safe havens, with USD / JPY trading above 115.00.
Gold tumbled to $ 1,798.29, ending the day at around $ 1,802. Crude oil prices experienced little change on a daily basis, recovering from an intraday decline. The WTI closed at around $ 76.00 a barrel.
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