The euro fell, because it is seen as vulnerable to a rate hike in the US due to expectations that the Fed will adjust its monetary policy more quickly than the European Central Bank, with a more moderate line.
The dollar index, which measures the performance of the greenback against a basket of six currencies, was up 0.3% to 96.38 units. The euro was down 0.4% at $ 1.1268.
“We see moderate risks of a hard line on inflation at the December FOMC (Federal Open Market Committee) meeting on Wednesday as the Fed remains primarily focused on optionality to respond to the possibility of continued inflation.”Citi analysts said in a note, adding that they are “Tactically Bearish Euro-Dollar This Week”.
The British pound was down 0.2% at $ 1.3245 after the British Prime Minister, Boris Johnson, said on Sunday that UK faces a “tide” of cases of the omicron variant.
On the other hand, Bitcoin was down 5.5% at $ 47,255, after hitting the $ 50,000 level on Sunday. Ether, the currency associated with the Ethereum blockchain network, it fell 5.3% to $ 3,817.
Source From: Ambito

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