U.S. dollar gains; yen, Swiss franc fall as Omicron fears ease

Global Economy: The dollar firmed on Monday, while the yen and Swiss franc weakened, reversing some of Friday’s moves, as fears about the new corona virus variant receded, with governments around the world seeking further information about the most recent mutation and its impact. The Omicron variant, first detected in southern Africa, prompted a financial markets sell-off on Friday on fears it would further disrupt a growing economic recovery after the two-year pandemic.

Source: https://www.xm.com/research/markets/allNews/reuters/us-dollar-gains-yen-swiss-franc-fall-as-omicron-fears-ease-45288048

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