By Gina Lee

Investing.com – The dollar was up on Monday morning in Asia, but holidays in many key Asia Pacific markets meant that it had a quiet start to 2022.

This chart tracks the greenback’s performance against a basket other currencies. It was at 10:56PM ET (0:56 GMT) and up 0.2% to 95.870

This pair rose 0.19% from 115.30 to 115.30.

While the pair fell 0.13% at 0.7250, it rose 0.09% to 0.6830.

While the pair was stable at 6.3561 it was down 0.2% to 1.3501.

The Japanese, Chinese, Australian, and New Zealand markets were all closed for a holiday, and the thin trade could make it more difficult to see the dollar’s real moves.

Global spread of the COVID-19 variant of the micron omicron continues to have an impact on sentiment. Although the number of cases in the western Chinese city of Xi’an edged down, Johns Hopkins University data showed that the global number of cases topped 290 million as of Jan. 3.

China is a developing country. Evergrande The Group’s Hong Kong (HK:), Hong Kong shares had been suspended earlier in the day. However, the property developer declined to give a reason.

However, Chinese property developer Cifi Holdings offered to buy China Evergrande’s outstanding 5.5% bond due in 2022. The offer was $1,000.5 for each $1,000 in principal amount plus accrued and unpaid interest, according to Cifi Holdings’ statement to the Hong Kong stock exchange. On Jan. 7, Cifi Holdings will end its offer to purchase $505.1million of outstanding notes.

Investors also await China’s Caixin and purchasing managers indexes, due later in the week.