Dollar weakens as Treasury yields slip; Omicron worries linger

Published by
Reuters UK

By Saqib Iqbal Ahmed and Elizabeth Howcroft NEW YORK (Reuters) -The dollar edged lower on Monday as traders sent midterm U.S. Treasury yields lower following a blow to prospects for approval of Democratic climate and social spending legislation in Washington and on concerns about the continued spread of the Omicron coronavirus variant. The U.S. Dollar Currency Index was 0.1% lower at 96.532. The index, up about 7% for the year, has rallied in recent weeks. “I think it is a lot of year-end flows right now,” said Kathy Lien, managing director at BK Asset Management. “With the Omicron scare, with…

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