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Investors have been on the sidelines during the Asian session today ahead of this week’s big events and central banks meetings.
The dollar rose in early European trading on Monday at the start of a week that includes a number of central bank meetings, including the Federal Reserve, while concerns remain about the Omicron. The dollar index, which measures the greenback against a basket of six other currencies, rose 0.2% to 96.243.
The Turkish lira fell to new record levels against the US dollar, to break the barrier of 14 lira to the dollar for the first time in its history after the S&P credit rating agency changed its outlook for the Turkish economy from stable to negative.
US crude oil futures rose to near $72.59 a barrel, by about 1.28%, and Brent crude rose near $76.13, about 1.30%.
The two benchmark crude oil benchmarks posted gains of about 8% last week, their first weekly gain in seven days, as they regained more than half of the losses they incurred since the Omicron outbreak started on November 25.
Gold rose in Monday morning trading in Asia, as investors awaited key central bank decisions throughout the week after rising US consumer prices gave a boost to the yellow metal.
Also, gold futures rose 0.10% to $1,786.55, after rising 0.8% on Friday.
