USD – The dollar came under pressure on Monday as US Treasury yields slipped following a blow to Democratic spending plans in Washington and on concerns about the continued spread of the Omicron coronavirus variant.
High Beta – AUD, NZD and CAD all came under pressure on Monday, with the latter falling to its lowest level against USD for the year, as rising concerns over the Omicron variant continued to weigh on risk sentiment.
Indeed, MUFG noted that “investor risk sentiment has been undermined by further evidence over the weekend of the disruptive impact of the new Omicron COVID variant.” Adding that concerns of further curbs being imposed in Europe has also weighed on investors’ appetite for riskier currencies.
High Beta – AUD, NZD and CAD all came under pressure on Monday, with the latter falling to its lowest level against USD for the year, as rising concerns over the Omicron variant continued to weigh on risk sentiment.
Indeed, MUFG noted that “investor risk sentiment has been undermined by further evidence over the weekend of the disruptive impact of the new Omicron COVID variant.” Adding that concerns of further curbs being imposed in Europe has also weighed on investors’ appetite for riskier currencies.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.