Yen falls to one-month low, sterling solidly higher on global recovery trade

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Reuters UK

By Alun John HONG KONG (Reuters) – The yen dropped to a new one-month low and sterling hit a six-week high in holiday-thin trading on Thursday, after investors overnight had turned back towards riskier currencies and equities. The moves seemed to be linked to recent improved sentiment as many governments resist imposing new, widespread lockdowns, even as the Omicron variant of the coronavirus surges. Reuters data shows global COVID-19 infections hit a record high over the past seven-days. “Markets continue to price in finishing Omicron fears thanks to low hospitalisations. That has encouraged …

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