Yen, Swiss franc rally on global outlook risks after hawkish Powell



* Fed's Powell says risks of inflation rising

* Fed's Powell says may accelerate pace of bond taper

* Omicron risks weigh on market sentiment

* Graphic: World FX rates Link

By Caroline Valetkevitch and Gertrude Chavez-Dreyfuss

NEW YORK, Nov 30 (Reuters) - The safe-haven yen and Swiss Franc gained on Tuesday, with risk appetite plummeting, as investors grew nervous about a suddenly hawkish Federal Reserve that could deliver aggressive rate hikes and derail a nascent economic recovery.

Worries about the new Omicron coronavirus variant also kept a bid in these safe-haven currencies.

The dollar, on the other hand, retreated on Tuesday after rising when Fed Chair Jerome Powell said the risk of inflation had increased and suggested retiring the term "transitory" to describe the surge in prices. He also pushed for accelerating the tapering of Fed asset purchases.

His comments suggested an urgency to undertake quick monetary policy action that financial markets may not be prepared for, analysts said.

"Overall, the risks to the short-term outlook keep on growing. Investors have always viewed the Fed as the safety net, but the Fed looks like its panicking here," said Edward Moya, senior market analyst, at OANDA in New York.

"The Fed was wrong on inflation. And now it appears they're going to rush tapering and quickly deliver rate hikes. And if the inflationary pressure remains, you could see an accelerated rate hike cycle that could threaten financial conditions."

In late trading, the dollar fell 0.4% against the yen to 113.065 yen JPY=EBS .

Against the Swiss franc, the dollar dropped 0.4% to 0.9185 francs CHF=EBS .

The dollar index =USD fell 0.3% to 95.90. It rallied earlier, while U.S. stocks fell, after Powell's hawkish remarks.

"Traders are in 'sell first and ask questions later' mode," said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.

Earlier, the yen and Swiss franc rose against the dollar, after Moderna's CEO said the coronavirus vaccines will likely be less effective against the Omicron variant as they have been against other variants.

Adding to the fears, drugmaker Regeneron Pharmaceuticals Inc REGN.O said on Tuesday its COVID-19 antibody treatment could be less effective against Omicron.

The warnings reinforced a view that the global economy could take longer to return to pre-pandemic levels than many had been expecting.

Against the U.S. dollar, the euro EUR=EBS rose 0.4% to$1.1335, posting its biggest three-day rising streak since December 2020.

Prior to Omicron's arrival, the main driver of currency moves was how traders perceived the different speeds at which global central banks would end pandemic-era stimulus and raise interest rates as they looked to combat rising inflation without choking off growth.

Cryptocurrencies also had a volatile trading session. Ethereum ETH=BTSP was last up 4.8% at $4,668 ETH=BTSP . Bitcoin BTC=BTSP was down 0.3% at $57,645.

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

Currency bid prices at 4:11PM (2111 GMT) Description

RIC

Last

U.S. Close Pct Change

YTD Pct

High Bid

Low Bid

Previous

Change

Session

Dollar index

=USD

95.8590

96.1990

-0.34%

6.532%

+96.6470

+95.5440 Euro/Dollar

EUR=EBS

$1.1340

$1.1293

+0.44%

-7.17%

+$1.1387

+$1.1235 Dollar/Yen

JPY=EBS

113.0350

113.5300

-0.45%

+9.38%

+113.8900 +112.5350 Euro/Yen

EURJPY=

128.19

128.19

+0.00%

+1.00%

+128.6000 +127.6500 Dollar/Swiss

CHF=EBS

0.9181

0.9227

-0.49%

+3.78%

+0.9266

+0.9158 Sterling/Dollar GBP=D3

$1.3306

$1.3318

-0.06%

-2.58%

+$1.3370

+$1.3195 Dollar/Canadian CAD=D3

1.2775

1.2738

+0.29%

+0.32%

+1.2837

+1.2732 Aussie/Dollar

AUD=D3

$0.7130

$0.7143

-0.19%

-7.32%

+$0.7170

+$0.7063 Euro/Swiss

EURCHF=

1.0411

1.0418

-0.07%

-3.66%

+1.0444

+1.0391 Euro/Sterling

EURGBP=

0.8520

0.8477

+0.51%

-4.67%

+0.8538

+0.8474 NZ

NZD=D3

$0.6827

$0.6825

+0.02%

-4.94%

+$0.6856

+$0.6773 Dollar/Dollar

Dollar/Norway

NOK=D3

9.0360

9.0455

-0.12%

+5.21%

+9.1260

+9.0080 Euro/Norway

EURNOK=

10.2458

10.1786

+0.66%

-2.11%

+10.3158

+10.1737 Dollar/Sweden

SEK=

9.0179

9.0594

-0.06%

+10.02%

+9.1103

+9.0069 Euro/Sweden

EURSEK=

10.2270

10.2336

-0.06%

+1.49%

+10.3036

+10.2077



World FX rates Link



Reporting by Caroline Valetkevitch and Gertrude Chavez-Dreyfuss; Additional reporting by Saikat Chatterjee
in London; Editing by Bernadette Baum and David Gregorio

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明