The dollar retreated Tuesday as fresh concerns about the impact of the omicron coronavirus variant prompted a rush into the safe havens, the Japanese yen and the Swiss franc. In prepared testimony ahead of his appearance later in the Senate Banking Committee, Federal Reserve Chair Jerome Powell said the omicron variant of the coronavirus poses risks to both sides of the central bank’s mandate to achieve stable prices and maximum employment. “The recent rise in COVID-19 cases and the emergence of the omicron variant pose downside risks to employment and economic activity and increased uncertainty for inflation,” Powell said in prepared testimony released Monday.
Bryant wore the shoe in the Los Angeles Lakers’ 106-103 victory over the Los Angeles Clippers in 2004.
The direction of the December U.S. Dollar Index on Monday is likely to be determined by trader reaction to 93.580.