Dollar Holds Steady Ahead of Central Bank Meeting

The dollar remained steady on Monday with federal reserve’s last meeting for year to be held on Wednesday.

Dollar index against its six major pairs stayed little unchanged at 96.21.

The pound slipped 0.1% to $1.3257 after British Prime Minister Boris Johnson on Sunday said, Britain faces “tidal wave” of the omicron variant and two shot of vaccine would not be enough.

“All I want for Christmas is clarity,” analysts at Barclays (LON:BARC) headlined a research note.

“Central banks will need to strike a difficult balance between Omicron-induced uncertainty and elevated inflation levels,” the Barclays analysts said.