The dollar and the yen are falling in limited trading after...

The dollar and the yen are falling in limited trading after...
The dollar and the yen are falling in limited trading after...

The dollar and the yen hit the bottom of their ranges recently, in limited trading on Thursday, as they fell overnight as investors preferred riskier currencies beside stocks.

These moves appeared to be linked to the recent improvement in sentiment with a number of governments opposing the imposition of new, large-scale closures, even as the mutated Omicron strain of the Corona virus spreads.

Reuters data shows that global COVID-19 infections hit a record high over the past seven days.

The euro reached $1.1352 in early Asian trading, after rising 0.35%, and touching its highest level in a month during the previous session.

The British pound hit 1.3500, its highest level since November 19, after rising 0.44%, overnight.

This made the dollar index, which measures the performance of the US currency against major currencies, at 95.862, to fall near its lowest level in a month.

Currency moves came in line with it in the broader market. With risk appetite, the S&P 500 and Dow Jones Industrial Average closed at all-time highs on Wednesday, and the Dow rose for the sixth straight session.

The yen, a safe haven, hit 114.95 against the dollar after touching a one-month low of 115.03 on Wednesday.

The Australian dollar recorded $0.7254, after holding on to its recent gains, while the Turkish lira recorded 12.6 per dollar, after declining 6.9%, on Wednesday, in another day of volatility.

Bitcoin fell for the third consecutive session. And recorded in the latest trading about 46,200 dollars.

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