Dollar out of favour as Omicron leaves currency markets unseasonably volatile

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Reuters UK

By Alun John HONG KONG (Reuters) – The dollar edged down again in early Asia on Wednesday, starting a third successive session under pressure as investors favoured riskier currencies and asset classes. The New Zealand dollar rose 0.8% on Tuesday, its best day since October, recovering from near a year low to last trade at $0.6757, and the pound gained 0.46% – its best day in a month – last trading at $1.3267. With the dollar also gaining 0.44% on the safe haven yen, Tuesday’s currency moves were in keeping with advances in oil and a 1.6% gain in MSCI’s gauge of stocks across the globe. [MKTS/G…

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