US Dollar-Rate Hike

United State dollar is considered a safe haven during times of global economic uncertainty

The dollar index rose 0.06%, with the euro down 0.05% to $1.1288.

Demand for dollars can often persist despite fluctuations in the performance of the U.S. economy

US$1.13 mark as it continued to consolidate in the middle of the trading range in which it has sat since mid-November.Individual outlooks for the economy, the labor market, and inflation, it may become warranted to increase the federal funds rate sooner.

Bitcoin last fell 0.45% to $46,230.94

4.5 million Americans voluntarily quit their jobs in November, which will likely pressure businesses to increase wages in order to attract workers.

It is up about 0.7% on the yen this week and about 2.7% over five weeks. The gains have tracked firming expectations that the Fed could raise rates as soon as March and several times this year.

It is eyeing its best week in more than a month against the Australian and New Zealand dollars.

Rising Omicron cases are also causing jitters and in emerging markets the Thai baht fell 1% against the dollar

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