December 2021

On Wednesday, riskier currencies rose from recent lows, while safe-haven currencies like the yen fell against the dollar as Asian markets relaxed their concerns over the Omicron variant. CNY’s new highs In the aftermath of better-than-expected manufacturing figures from November, the Chinese yuan CNY, a beacon of resilience in a stormy few days, reached a […]

After Federal Reserve Chair Jerome Powell indicated a rapid reduction of stimulus despite the dangers surrounding the Omicron COVID-19 variant, the safe-haven yen stayed firm on Wednesday. At the same time, the risk-sensitive Australian dollar fell to a one-year low. Investors are concerned that fast monetary tightening may suffocate the fledgling economic recovery, even though