Stocks, Futures Drop as Virus Concerns Flare Again: Markets Wrap
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Reuters
Aussie and kiwi slide, yen up on Moderna CEO’s Omicron warning
Risk-sensitive currencies slid and safe havens gained in the Asian afternoon on Tuesday, reversing direction after Moderna’s CEO said COVID-19 vaccines are unlikely to be as effective against the Omicron variant as it has been with other types. The Australian dollar slid 0.65% to a new 12-month month low of $0.7093, and the New Zealand dollar lost 0.6% to $0.6783 after the interview was published, heading for its worst month since May 2015. Earlier the Japanese currency had lost ground and antipodean currencies had gained as traders took comfort from very early hints that Omicron might be milder than feared as well as from remarks by President Joe Biden that the United States would not reinstate lockdowns.