By Gina Lee

Investing.com – The dollar was down on Wednesday morning in Asia, but moves were small as investors continued assessing the impact of the omicron COVID-19 variant on the global economic recovery.

This chart tracks the greenback’s performance against a basket currency by tracking it at 0.01%, 96.498 as of 10:25PM ET (3:25 GMT).

This pair increased 0.02%, to 114.11. This was the release from its most recent meeting.

Both the pair declined by 0.2% to 0.7136 and both were up by 0.2% at 0.6749

They climbed 0.01% up to 6.3723 while the pair fell 0.05% down to 1.3259

Starting Wednesday, the euro fell marginally to $1.1277.

Some countries may reimpose restrictive measures after omicron spreads across Europe and the U.S.

Boris Johnson, British Prime Minister of Britain, advised people to be careful but rejected tighter restrictions in advance of the holidays. Meanwhile, in Germany, gatherings will likely be limited to 10 people and France will limit New Year’s Eve celebrations.

News: The U.S. Food and Drug Administration may approve COVID-19 medication pills Pfizer Inc. Merck & Co . However, investor sentiment has been boosted by Inc.

Typically, currencies’ volatility is low in the weeks ahead and after Christmas, but “this year some seasonal tendencies will be mixed with the Omicron variant threatening to force new restrictions and markets still processing a week full of key central bank decisions,” ING analysts told Reuters.

U.S. President Joe Biden, who is hopeful about reaching an agreement with Senator Joe Manchin in order to move the $1.75 billion Build Back Better bill through Congress, has also contributed to improving sentiment.

The Turkish lira continues to be nervous for another volatile day. After falling by as much 8.6%, and rising up to 18.5% on Tuesday the currency closed at 6%