New Covid variant Omicron puts a dent in strong currencies, here's how the markets react
Zee News
The safe-haven yen, which had been the biggest beneficiary of the flight to quality, slipped 0.25% to 113.75 per dollar.
Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new strain.
The risk-sensitive Australian dollar rose 0.37% to $0.7139, recovering after a 1% tumble on Friday that saw it dip to $0.71125 for the first time since Aug. 20.
The Canadian dollar also rebounded, with the greenback sliding 0.57% to C$1.2726, off the previous session`s two-month high at C$1.2800.
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