The dollar hovered below recent highs on Tuesday having lost ground overnight after a blow to Democratic spending plans in Washington
With last week's slew of major central bank meetings out of the way, investors turned their focus to the rapid spread of the variant
The US dollar hovered near the highest since July of last year against major peers after a Federal Reserve official signaled a first pandemic-era interest rate hike could come as early as March
The dollar rose on Friday as traders retreated from riskier currencies amid talk of interest rate hikes by central bankers and concerns about the spread of Omicron cases
After a turbulent week, the dollar index was little changed on the day
The market remains volatile, and the devaluation is already impacting Afghans
The dollar remained under pressure on Friday, a day after the Bank of England and European Central Bank adopted more hawkish stances than markets had expected
Asian stock markets and the US dollar struggled for traction on Friday after a rush of central bank meetings underlined the growing threat posed by a spike in global inflation
Meanwhile, the US dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.37 per cent to 96.15
Treasury yields remained elevated, while gold gained along with crude oil
The rupee had closed near this level on April 24, 2020, previously
Business Standard brings you the top stories on Wednesday
The rupee declined 22 paise and slipped below the 76 per US dollar level in opening trade on Wednesday as persistent foreign fund outflows and Omicron worries kept the pressure on the local unit
The dollar index which measures the greenback against six major peers was at 96.557, having gained 0.5% so far this week in choppy trading
Brent crude futures fell 69 cents, or 0.9%, to $73.70. U.S. West Texas Intermediate (WTI) crude futures settled down 56 cents, or 0.8%, at $70.73.
The rupee declined by 17 paise to 75.95 against the US dollar in opening trade on Tuesday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit
The dollar traded near a one-week high versus a basket of major rivals on Tuesday, supported by expectations of a hawkish Federal Reserve meeting this week
The dollar was quiet at the start of a week in which central bank meetings, including by the Federal Reserve, will likely drive currency markets
The dollar weakened and a gauge of global equity markets edged higher on Friday after data showed consumer prices rose as expected in November
The data, along expected lines, puts added pressure on policymakers to withdraw pandemic-era stimulus at a faster pace in coming months