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Futures take the new badly

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Miguel A. Rodriguez
Miguel A. Rodriguez
29 November 2021
UK, Germany and Italy detect Omicron variant cases, Israel closes borders
  • A plunge in crude-oil futures sparked by the discovery of a new COVID variant raises the probability #OPEC+ will pause production increases next week
  • Britain, Germany and Italy detected cases of the new #Omicron coronavirus variant and British Prime Minister Boris Johnson announced new steps to contain the virus
  • News of a coronavirus variant potentially resistant to current vaccines sent investors dashing for the safety of the Japanese yen and the Swiss franc
  • #USDJPY dove 1.7%
  • #WTIUSD dove 11.8%


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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books. 

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