Dollar remains pressured by increased risk appetite against new Omicron variant

The dollar started with a trading price of $3,903.57, which represented a drop of $2.53 against the Market Representative Rate, which was at $3,906.10 today.

At the beginning of the day, a value of US$19.2 million was traded through 14 transactions. The opening price of the currency was $3.903.

Due to the decrease in concerns regarding the new variant of covid-19 in the world economy generated a greater appetite for risk.

According to Reuters data, the dollar index, which measures the greenback’s performance against six currency pairs, fell 0.2% to 96.06 units.

Stock futures on Wall Street are in the red and European stock markets reversed earlier rises after concerns about the economic risks of restrictions to control the new variant.

U.S. Treasury bond yields are seen to be falling

Colombia reopens its market after the holiday on Wednesday. Grupo Sura’s meeting will be held today, conflicts of interest will be evaluated before the offer to acquire a majority stake in Grupo Nutresa.

The day begins with a downward trend. Brent fell 1.24% to US$74.88, while West Texas Intermédiate (WTI) fell 1.15% to US$71.53.

It was noted that oil prices fell after Thursday’s early trading, after some governments took measures to curb the spread of the new Omicron variant of the coronavirus.

In different parts of the world, leaders have imposed stricter restrictions due to the new variant of covid-19, fearing that it could strongly affect the economy of their countries and facing again a pandemic would seriously affect the world economy.

Source: LA REPUBLICA

https://www.larepublica.co/finanzas/precios-del-dolar-y-el-petroleo-para-hoy-9-de-diciembre-3274318