On Tuesday, the Japanese yen fell to its lowest level in nearly a month against the US dollar as the tide turned against the safe-haven currencies after Wall Street rose to a record high that overshadowed fears of the pivot Omicron.<\/p>\n\n\n\n
The Japanese currency fell to 114.935 yen against the dollar for the first time since November 26, before improving to around 114.80 yen thanks to lower long-term US Treasury yields.<\/p>\n\n\n\n
The dollar, which is also considered a safe haven, continued to swing above the recent trading lows against a basket of its counterparts. The US currency received only limited support from expectations that the Federal Reserve will raise interest rates in March.<\/p>\n\n\n\n
There was little change on the dollar index, which measures its performance against six major currencies, compared to the previous trading session, to settle at 96.078.<\/p>\n\n\n\n
The Standard & Poor’s 500 Index rose to a record high on Monday after strong US retail sales data eased fears that the spread of the mutant omicron could spoil the economic recovery.<\/p>\n\n\n\n
The pound, which usually rises with improved sentiment, has been swinging not far from its one-month high hit last night at $1.3445.<\/p>\n\n\n\n
The euro settled near the highest levels of its range against the US currency this month, unchanged from Monday at $1.13255.<\/p>\n","protected":false},"excerpt":{"rendered":"
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