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The US dollar rose to the highest level in a week against a basket of major currencies on Tuesday, December 14, supported by expectations of tightening from the US Federal Reserve at its meeting this week and the demand for safe havens amid continued uncertainty about the Omicron pivot from the Coronavirus.
The US Federal Reserve is expected to announce ending its stimulus bond-buying program sooner than previously indicated.
The dollar index, which measures the performance of the US currency against six major currencies, rose to 96.464 for the first time since December 7, before recording 96.404 points.
The risk-sensitive Australian dollar fell 0.64% to its lowest level in a week. The euro fell 0.07% to $1.1278, after touching a one-week low of 1.12605 last night.
The British pound lost 0.08%, recording $1.32035, to move again towards its lowest level in a year of 1.31615, which it recorded last week.
There was little change on the dollar against JPY, recording 113.565 yen.
Bitcoin rose 0.49% to $46957.11, up from Monday’s low of $45,750, a level not seen since December 4, when it fell below $42,000 for the first time since September.
