U.S. dollar rises; yen, Swiss franc skid as Omicron worries ebb

* WHO says new variant carries high risk of infection surge

* Biden says U.S. not going back to lockdowns this winter

* Yen, Swiss franc fall vs dollar

* Graphic: World FX rates Link

By Gertrude Chavez-Dreyfuss

NEW YORK, Nov 29 (Reuters) - The dollar firmed on Monday while the safe-haven yen and Swiss franc weakened, reversing some of Friday's moves as governments around the world sought further information on the most recent mutation and its impact.

The Omicron variant Link 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.

The World Health Organization said on Monday the variant carried a very high risk of infection surges as more countries closed borders.

In the United States, President Joe Biden said the country would not go back to lockdowns this winter, but urged people to get vaccinated, get their boosters and wear masks.

Markets calmed somewhat on Monday, with U.S. stock and oil prices rebounding as investors took a more balanced view, waiting until the impact of the variant becomes clearer.

The U.S. dollar index, which had its biggest one-day drop since May on Friday, rose 0.2% to 96.367 =USD .

The dollar's status as a safe haven means it benefits from uncertainty, but it fell on Friday because investors saw the Omicron variant as possibly affecting the timing of the Federal Reserve's and other major central banks' plans to raise interest rates.

"Another challenge to the global economic recovery seems to indicate that it benefits the buck as a safe haven," said Juan Perez, FX strategist and trader at Tempus Inc in Washington.

"This variant is fresh and it even looks like the medical community wants to minimize whatever negative economic impact news on it could have. Our take is that once more we are at the mercy of the disease that has been with us for two years, but this time it also feels like we are more prepared to keep life going anyway," he added.

Euro-dollar one-month volatility hit its highest since December 2020 on Monday before dropping back down EUR1MO= .

The euro, which rose versus the dollar on Friday, was down 0.4% at $1.1271 EUR=EBS .

Japan's yen slid against the dollar, which rose 0.2% to 113.76 yen JPY=EBS .

The Swiss franc likewise reversed recent moves. On Friday it had its biggest one-day jump versus the dollar since June 2016, a slightly bigger daily move than at the peak of the first coronavirus-induced market shock in March 2020

Like the dollar, both the yen and Swiss franc tend to gain in times of financial stress.

On Monday, however, the Swiss franc was down 0.3% versus the greenback at 0.9244 francs per U.S. dollar CHF=EBS .

Analysts said currency markets would likely remain volatile until the new variant was better understood.

Goldman Sachs said it would not change its economic forecasts on the basis of the Omicron variant until its likely impact became clearer.

In cryptocurrencies, bitcoin hit a seven-week low on Sunday before picking up. It was last up 1.2% at $58,016. Its all-time high of $69,000 was hit earlier this month BTC=BTSP .


Currency bid prices at 3:04 PM (2004 GMT) Description



U.S. Close Pct Change


High Bid

Low Bid




Dollar index







+96.1380 Euro/Dollar







+$1.1259 Dollar/Yen






+113.9500 +112.9900 Euro/Yen






+128.5600 +127.5000 Dollar/Swiss







+0.9234 Sterling/Dollar GBP=D3






+$1.3288 Dollar/Canadian CAD=D3






+1.2722 Aussie/Dollar







+$0.7114 Euro/Swiss







+1.0415 Euro/Sterling







+0.8447 NZ







+$0.6788 Dollar/Dollar








+9.0225 Euro/Norway







+10.1718 Dollar/Sweden







+9.0763 Euro/Sweden








World FX rates Link
FX volatility Link

Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Elizabeth Howcroft in London; Editing by Ed
Osmon, Alison Williams and Dan Grebler

Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.

Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.

Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.

Nous utilisons des cookies pour vous donner la meilleure expérience possible de notre site internet. En savoir plus ou modifier vos paramètres de cookies.

Avertissement sur les risques : votre capital est à risque. Les produits à effet de levier ne sont pas recommandés pour tous. Veuillez consulter notre Divulgation des risques