June 24, 2024
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Business Worldwide

Dollar slips while Aussie and Norwegian crown outperform

Published by
Reuters UK

By Karen Brettell NEW YORK (Reuters) – The euro, Australian dollar and other currencies recovered against the U.S. dollar as traders turned more positive about the economic outlook on Wednesday, even as Omicron cases rocketed and investors braced for more volatility. Risk appetite has improved since Monday, when markets were rattled by government restrictions relating to the spread of Omicron, and after U.S. Senator Joe Manchin said he would not support a new fiscal spending package. “The dollar is softening as risk-off impulses continue to ebb,” analysts at Brown Brothers Harriman said in a r…

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