Yen, franc surge as new virus variant rattles markets

yen franc surge as new virus variant rattles markets

Sumary of Yen, franc surge as new virus variant rattles markets:

  • Closed U.S. markets for Thanksgiving holidays meant market moves were more volatile in thin trading as traders rushed to dump long positions in the euro and the U. S. dollar.
  • Overnight headlines took markets by surprise with little known of the new COVID-19 variant, detected in South Africa, Botswana and Hong Kong.

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