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FOREX-Dollar struggles after hawkish tilts by BoE, ECB; Omicron worries sink Aussie

Mount Equity Group Tokyo Japan > News > Markets > FOREX-Dollar struggles after hawkish tilts by BoE, ECB; Omicron worries sink Aussie

By Kevin Buckland

TOKYO, Dec 17 (Reuters) – The dollar remained under pressure on Friday, a day after the Bank of England and European Central Bank adopted more hawkish stances than markets had expected, giving a boost to sterling and the euro.

At the same time, Omicron worries soured sentiment, sinking the risk-sensitive Australian dollar and buoying the safe-haven yen.

The dollar index, which measures the currency against six major peers, slipped 0.06% to 95.914, having hit a more than one-week low on Thursday.

Sterling edged up to $1.33295, after surging as high as $1.33755 for the first time since Nov. 24 in the previous session, when the BoE surprised most market participants to become the first G7 central bank to raise interest rates since the beginning of the pandemic.

The euro gained 0.10% to $1.1340, having hit the highest this month on Thursday, when the ECB outlined plans toward removing stimulus over coming quarters, although…

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