Dollar edges higher, currencies pull back on Omicron-shock moves

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A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel/File Photo

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  • Dollar edges higher after Friday’s drop
  • Euro rises, yen steadies, Swiss franc falls
  • <a href=”https://tmsnrt.rs/2RBWI5E”>Graphic: World FX rates</a>

LONDON, Nov 29 (Reuters) – The dollar edged higher, the euro fell and the yen steadied on Monday as currency markets reversed some of Friday’s moves, calming after the initial shock of discovering a new coronavirus variant.

The Omicron variant, first detected in southern Africa, triggered global alarm, with financial markets selling off on Friday on fears that it would disrupt the economic recovery after the two-year pandemic. read more

The World Health Organization said it was not yet clear whether Omicron, which has been found around the world, is more transmissable than other variants or if it…

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