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Swiss Franc and Yen Surged after Fed Powell Stirred Up Omicron-Nervous Markets

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Just as the world is concerned and confused with the newly discovered Omicron, Fed Chair Jerome Powell stirred up the markets further, by talking up faster tapering. The biggest reactions were found in US treasury yields on strong safe-haven flows. Major stocks indexes also turned sharply lower, solidifying the case of medium term correction. In […]

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