HONG KONG : The dollar hovered below recent highs on Tuesday having lost ground overnight after a blow to Democratic spending plans in Washington, but worries about the Omicron coronavirus variant kept risk currencies in check.
However, it pulled back on Monday, finishing the session down 0.12per cent after U.S. Senator Joe Manchin, a moderate Democrat who is key to President Joe Biden's hopes of passing a US$1.75 trillion domestic investment bill - known as Build Back Better - said on Sunday he would not support the package.
The pound was on the back foot at US$1.3204 after British Prime Minister Boris Johnson said on Monday he would tighten coronavirus curbs to slow the spread of the Omicron variant if needed.
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