Safe-haven yen, Swiss franc rise on Omicron fears, Fed policy uncertainty



* U.S. payrolls below expectations for November

* Jobs report details trending in right direction, analysts say

* Fed funds futures show 74% chance of tightening in May

* U.S. Treasury calls out Vietnam, Taiwan in currency report

* Graphic: World FX rates Link

By Gertrude Chavez-Dreyfuss

NEW YORK, Dec 3 (Reuters) - The safe-haven yen and Swiss franc gained on Friday as global equities and bond yields fell on fears about the spread of the Omicron variant of COVID-19, which has resulted in renewed restrictions in parts of the world, and concerns about possible aggressive action by the Federal Reserve to curb surging inflation.

"Volatility remains the norm in recent weeks amid changing outlooks on monetary policy, inflation worries, and now the Omicron uncertainties," Action Economics said in its latest blog on the market.

The dollar reversed gains to trade little changed on the day after the release of a weaker-than-expected U.S. jobs report Link which still included positive revisions for previous months and solid details about the labor market. Market participants viewed the payrolls report as not really altering the Fed's plan to accelerate tapering of its asset purchases and possibly raise interest rates multiple times next year despite the Omicron threat.

U.S. non-farm payrolls increased by 210,000 jobs last month, the Labor Department reported. Economists polled by Reuters had forecast payrolls would rise by 550,000 jobs.

October's job growth was revised up to 546,000 positions from the initial estimate of 531,000 and September's jump was increased to 379,000 from 321,000, for a net 82,000 two-month gain.

The unemployment rate also dropped to 4.2% from 4.6%, the lowest level since February 2020.

"Despite today's mixed payrolls report, we think the bigger picture remains that sustained inflationary pressures in the U.S. are likely to support faster policy normalization by the Fed and keep the dollar strong," said Jonathan Petersen, markets economist at Capital Economics.

Federal funds rate futures 0#FF: , which track short-term interest rate expectations, late on Friday priced in a 74% chance of a quarter-percentage-point increase in the Fed's benchmark overnight interest rate by May 2022. That probability was as high as 86% following the release of the jobs report.

In afternoon trading, the dollar index was up slightly on the day at 96.146 USD= . The greenback will end broadly unchanged on the week despite rallying last week to its highest level since July of last year.

Petersen of Capital Economics said the dollar's value reflected the "offsetting effects of rising short-term yields in the U.S., particularly after Chair (Jerome) Powell's (hawkish) comments to Congress on Wednesday, and falling long-term yields amid growing concerns about the Omicron variant."

The euro was up 0.1% at $1.1307 EUR=EBS .

Against the yen, the dollar dropped 0.4% to 112.75 yen JPY=EBS . Versus the Swiss franc, the dollar slid 0.2% to 0.9179 francs CHF=EBS .

Also on Friday, the U.S. Treasury released its semi-annual currency report, which singled out Vietnam and Taiwan as countries that continued to exceed its thresholds for possible currency manipulation and enhanced analysis under a 2015 U.S. trade law. However, it refrained from formally calling them manipulators.

The currencies of the countries mentioned - the Vietnamese dong VND= and Taiwanese dollar TWD= - showed little reaction to the report.

In emerging markets, Turkey's volatile lira TRYTOM=D3 edged near to its record low on Friday, triggering direct central bank intervention to sell dollars. The U.S. dollar was last up 0.6% at 13.745 liras.

========================================================

Currency bid prices at 3:32 PM (2032 GMT) Description

RIC

Last

U.S. Close Pct Change

YTD Pct

High Bid

Low Bid

Previous

Change

Session

Dollar index

=USD

96.1390

96.0900

+0.07%

6.844%

+96.4510

+95.9440 Euro/Dollar

EUR=EBS

$1.1309

$1.1301

+0.07%

-7.44%

+$1.1334

+$1.1267 Dollar/Yen

JPY=EBS

112.7600

113.2050

-0.38%

+9.14%

+113.6050 +112.5600 Euro/Yen

EURJPY=

127.52

127.90

-0.30%

+0.47%

+128.3400 +127.3900 Dollar/Swiss

CHF=EBS

0.9179

0.9202

-0.24%

+3.76%

+0.9217

+0.9166 Sterling/Dollar GBP=D3

$1.3232

$1.3298

-0.52%

-3.17%

+$1.3309

+$1.3209 Dollar/Canadian CAD=D3

1.2833

1.2806

+0.22%

+0.79%

+1.2846

+1.2744 Aussie/Dollar

AUD=D3

$0.7000

$0.7094

-1.31%

-8.99%

+$0.7095

+$0.6994 Euro/Swiss

EURCHF=

1.0380

1.0400

-0.19%

-3.95%

+1.0408

+1.0377 Euro/Sterling

EURGBP=

0.8544

0.8494

+0.59%

-4.40%

+0.8550

+0.8493 NZ

NZD=D3

$0.6748

$0.6817

-0.98%

-6.00%

+$0.6818

+$0.6743 Dollar/Dollar

Dollar/Norway

NOK=D3

9.1835

9.0985

+0.96%

+6.97%

+9.1920

+9.0955 Euro/Norway

EURNOK=

10.3860

10.2708

+1.12%

-0.77%

+10.3970

+10.2689 Dollar/Sweden

SEK=

9.1457

9.0464

+1.08%

+11.58%

+9.1802

+9.0440 Euro/Sweden

EURSEK=

10.3425

10.2324

+1.08%

+2.64%

+10.3515

+10.2244



World FX rates Link



Reporting by Gertrude Chavez-Dreyfuss; Editing by David Evans and Paul Simao

Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.

Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.

Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.

Utilizamos cookies para ofrecerle una mejor experiencia en nuestra web. Conozca más o cambie sus ajustes de cookies.

Advertencia de riesgo: Los CFD son un producto difícil de comprender y la CNMV cree que no es adecuado para inversores minoristas dada su complejidad y riesgo. Por favor, lea y asegúrese de que comprende totalmente nuestra Declaración de riesgos.