The dollar held its ground on Friday as traders prepared for U.S. inflation figures later that could cement the course of interest rate rises next year, while the Chinese yuan regained its footing
The euro, seen as vulnerable from US hikes especially if European rate rises lag behind, dropped 0.4% overnight and was under pressure in Asia at $1.1293
Asian shares slipped and the dollar held firm on Friday as traders edged away from riskier assets amid renewed concerns about Covid and ahead of key US inflation data
Investors were also awaiting U.S. inflation data on Friday that could set the tone for the Federal Reserve's strategy on interest rate hikes.
Meanwhile, oil prices were lifted by optimism that the Omicron mutation might not have a significant impact on oil demand
Some of the fears around the Omicron variant ebbed after BioNTech and Pfizer said three shots of their COVID-19 vaccine neutralised it in a laboratory test.
Unabated foreign fund outflows weighed on investor sentiments, traders said
The dollar index , which measures the greenback against six major peers, slipped 0.4% to 95.854. The index remains close to the 16-month high hit late last month
The rupee staged smart recovery from intra-day lows to close with a marginal 2 paise loss at 75.46 against the US dollar on Wednesday after the Reserve Bank left the key policy rate unchanged
The Aussie rose as high as $0.71425 and 81.07 yen, levels not seen since Dec. 1.
The rupee declined 5 paise to 75.49 against the US dollar in opening trade as persistent foreign fund outflows kept the pressure on the local unit
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.05 per cent at 96.37
The dollar index was steady and riskier currencies picked up on Tuesday, as traders bet that the Omicron variant of COVID-19 would not be as severe as previously expected.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent up at 96.23
US non-farm payrolls increased by 210,000 jobs last month, the Labor Department reported
The dollar barely budged against most rival currencies on a further risk-off day for markets broadly, with jittery equity markets in Europe opening lower
The rupee gained 22 paise to close at 74.91 (provisional) against the US dollar Wednesday as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment
The rupee on Tuesday pared its initial gains to settle 10 paise lower at 75.17 (provisional) against the US dollar as investor concerns grew over fresh impact of new COVID variant on the economy
The dollar hovered on Tuesday above the one-week low against major peers it hit last week, as fears eased that the new Omicron coronavirus variant would derail the U.S. recovery and delay Federal Rese
The rupee on Monday plunged by 23 paise to close at 75.12 (provisional) against the US dollar, as investors turned cautious in view of a new variant of COVID-19.