Yen, Swiss Franc Rise on Omicron Fears

The yen, considered a safe haven by some, and the Swiss franc rose Friday (Dec. 3), while global stocks and bond yields fell on fears of the spread of the Omicron variant of COVID-19.

The dollar index was slightly higher at 96.146 after the U.S. labor market report was weaker than expected. In addition, there are more and more aggressive signals from the Fed in the direction of slowing asset purchases and interest rate policy.

The US non-farm payrolls increased by 210,000 last month.

October job creation was 546,000, up from initial estimates of 531,000.

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

The euro rose 0.1% to $1.1307.
The dollar fell against the yen by 0.4% to 112.75 yen.
The dollar fell against the Swiss franc by 0.2% to 0.9179 francs.

In emerging markets, the volatile Turkish lira approached a record low on Friday, gaining 0.6% to 13.745 lira.

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