Safe heavens gain on virus variant fears

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Source: Dukascopy Bank SA
The Japanese yen and the Swiss franc surged on Friday over the news about a new variant of COVID-19 potentially resistant to current vaccines. The yen leapt as much as 0.56% to 114.68 per dollar, and the Swiss Franc hit a six-year high against the euro jumping as high as 1.0433 per euro.
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Fri, 26 Nov 2021 16:35:07 GMT

Amazon blocked by activists and strikes

A coalition of workers and activists blocked Amazon facilities in the UK and Europe on Black Friday, trying to pressure the company to raise wages, pay more taxes and end environmentally damaging business practices. Amazon employees in 20 more countries prepare for strike or protest.

Fri, 26 Nov 2021 12:40:07 GMT

Brent crude oil plummets 5%

On Friday oil fell sharply below $77 a barrel after news of a new possibly vaccine-resistant coronavirus strain raised fears over the outlook for demand, causing global markets to sell off heavily. Meanwhile, traders fled to save haven assets - bonds, the yen and the Swiss franc.

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