Dollars plunge, yena jumps on Moderna CEO Omicron warning Reuters

Saikat Chatterjee and Tom Westbrook

LONDON (Reuters) – The dollar slid against rivals and the yen returned to a two-week high on Tuesday. Modern The CEO of NASDAQ said COVID-19 vaccines are unlikely to be as effective against other types of the Omicron variant.

The risk appetite took a hit in world markets, with greenbacks weakening 0.3% against their rivals, and the Japanese yen rose 0.4% against the dollar from 112.95 yen since the beginning of November.

“Market participants’ comments have been reinforced overnight by fears that market participants ’fears of a more disruptive outcome for the global economy,” strategist Mizuho said in a customer note.

U.S. Treasury yields fell 6 bps in two weeks to their lowest levels, and the greenback fell as markets believed a long battle with the virus in 2022 would dampen expectations of how much interest rates the Fed would raise. [US/]

A sign that the European market is in a complicated session, the Swiss franc rose to a two-week high against the US dollar, while in July 2015 it remained at a significant distance from the low against the euro.

“There’s no world, in my opinion, where the level of (efficiency) is the same … We had it with the Delta,” Stéphane Bancel, CEO of Modern, told the Financial Times in an interview.

The Australian dollar slipped 0.65% to a new 12-month low of $ 0.7093, and the New Zealand dollar lost 0.6% after the publication of the interview, the worst month since May 2015.

Euro coin rebounds appeared to be in full swing ahead of the latest data on consumer prices in the eurozone in November. The single currency fell to nearly 17 months from $ 1.11864 last week as ECB officials maintained a modest stance on hot inflation.

Prior to the advent of Omicron, the main driver of currency movements was how traders perceived global central banks to have ended the pandemic era stimulus and how they perceived different rates of rising interest rates without stifling growth to cope with rising inflation.