Fading Omicron concerns set up shares for weekly gain, dent dollar

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Fading Omicron concerns set up shares for weekly gain, dent dollar
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Stock markets in Europe and Asia cemented gains in light holiday trade on Friday, while the safe-haven dollar eased on signs the Omicron variant would not significantly derail global economic growth.

In currency markets, the dollar index, which measures the greenback against six major peers was at 95.96, down 0.1% on the day and on course for a 0.7% drop from last Friday's close - its worst week since late August.

The Aussie was at $0.7243, just off its five-week peak of $0.7252 hit overnight, and the pound which struck a month high of $1.3437 on Thursday, was last at $1.341, up 1.4% on the week. The euro added 0.1% at $1.134. In line with the same trend, bitcoin rose 4.5% on Thursday, its best day in nearly two weeks and held onto those gains on Friday in Europe, trading just above $51,000, up 0.6%.

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