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FOREX-U.S. dollar gains as Powell says risk of inflation has increased

The U.S. dollar strengthened on Tuesday after Federal Reserve Chair Jerome Powell said the risk of inflation had increased and suggested retiring the term "transitory" for inflation, while worries about the new Omicron coronavirus variant kept a bid in safe-haven currencies. During a hear

FOREX-Euro on track for biggest three-day rising streak of 2021

The euro surged on Tuesday and was on track for its biggest three-day rising streak this year, as traders cut their short positions on the single currency after Moderna's CEO said COVID-19 vaccines were unlikely to be as effective against the Omicron variant as they have been with other types.

FACTBOX-Latest on the worldwide spread of the coronavirus

The chief executive of drugmaker Moderna set off fresh alarm bells in financial markets with a warning that existing COVID-19 vaccines would be less effective against the new Omicron variant than they have been against Delta.

FOREX-Euro set for biggest 3-day rising streak in 2021

The euro surged on Tuesday and is on track for its biggest three-day rising streak this year as traders cut their short positions on the single currency after Moderna's CEO said COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been with other types.

FOREX-Dollar dives, yen jumps on Moderna CEO's Omicron warning

The dollar slid against its rivals and the yen headed back towards more than two-week highs on Tuesday after Moderna's CEO said COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been with other types.