Thursday Outlook: Hope rally turns choppy; dollar stays soft with Omicron still top of mind

Oil stays on the rebound; gold flat

  
Image sued for illustrative purpose.

Image sued for illustrative purpose.

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Hope rally turns choppy as hot U.S. inflation looms
The U.S. dollar index hovered at 96.029

Dollar stays soft, with Omicron still top of mind
The euro was at $1.1338, after gaining 0.7% on Wednesday to a week high of 1.1354

Oil stays on the rebound as Omicron fears ease
Brent crude futures rose 22 cents, or 0.3%

Gold flat as firmer dollar, yields weigh; U.S. CPI data awaited
Spot gold was flat at $1,782.65 per ounce


 

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