Business & Economy

The dollar’s going up and the euro’s going down.

The dollar rose at a time when the euro was falling and the yen settled, today Monday, in the discomfort of the new Corona virus mutant “Omicron.”
The Omicron mutant, first spotted in South Africa, raised a global concern, leading to a downturn in capital markets on Friday amid fears that its emergence would disrupt the recovery of the global economy.
Markets calmed somewhat today Monday, while U.S. stock futures and oil prices rose with investors taking a more balanced approach and waiting until the impact of the new mutant became apparent.
The U.S. dollar index rose 0.1 percent to 96.326.n after seeing its biggest one-day decline since May last Friday.
Analysts warned that currency markets would likely experience more turmoil until more information was found on the new mutant.

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