By Gina Lee

Investing.com – The dollar was up on Monday morning in Asia, starting the week off quietly ahead of a slew of key central bank policy decisions, including from the , throughout the week.

By 11:49 ET (4:49 GMT), the that monitors the greenback against other currencies had risen 0.12% to 96.190 (or 0.12% in total).

Both the pair rose by 0.15%, to 113.54.

Both the pair grew by 0.06 to 0.7175, while they fell by 0.01 to 0.6797.

It fell by 0.09%, to 6.3625

The pair edged down 0.16% to 1.3247, with the pound reacting to British Prime Minister ’s warning on Sunday that the U.K. faces a “tidal wave” of omicron COVID-19 cases, with two vaccine doses not enough to contain the variant.

Due to worries about the impact of economic recovery, market volatility has been a problem since omicron’s discovery. But, investors retreated last week from safe-haven assets after it was reported that the variant is not as harmful as some had feared.

Clarity is all I desire for Christmas.” Barclays Barclays analysts have titled this research note.

The Fed kicks off the central bank’s meetings on Wednesday, with six of the G10 central banks and a number of emerging-market central banks due to meet throughout the week.

According to the Barclays note, “Central banks will have to find a hard balance between omicron induced uncertainty and higher inflation levels.”

It is possible that the Fed will accelerate asset tapering as well as increase interest rate rises. CME Group’s FedWatch program (NASDAQ: FedWatch) shows investors that there is a better than 50% chance for an interest rate increase by May 2022.

“The Fed meeting may be the catalyst to bring down 1.10,” Although investors might prefer to hold off until tomorrow before they chase this move, In a note, ING analysts suggested that USD/JPY might also press 115 post Fed.”

Throughout the week, the ECB and the will both announce their policy decisions.