The Dollar Rises With The Beginning of 2021 Trading

The dollar rose somewhat against the major currencies as market sentiment improved on Monday, with European shares and government bond yields soaring on the first trading day of 2022.

But trading volumes are expected to remain limited with London, Europe’s main currency market, closed for a holiday.

Despite the rise in omicron-driven coronavirus cases that continues to disrupt travel and public services globally, hopes that the economic damage can be avoided from prolonged closures.

The dollar index rose 0.12% to 95.79. The Japanese yen fell briefly to 115.36 yen to the dollar, its lowest since the end of November, but gradually rebounded to 115.5 yen to the dollar.

The euro fell 0.21% to $1.1345, while German treasury bond yields jumped nearly four basis points to 0.138%, its highest level since November.