Commodity prices, equity prices, and interest rates have all tanked substantially, and there has been a rush to the 'safety' of the core currencies. Two of these new Omicron (South African) cases have been detected in Hong Kong now, indicating broad travel spread already. In Australia, Delta cases in Victoria have risen again to 1362 cases reported there yesterday, its highest in November. The price of gold will start today down -US$4 at US$1786/oz and getting no boost from this risk-off dive. That means our TWI-5 starts today at 72.9, down -60 bps and also its lowest since the end of September.

Source: Stuff November 26, 2021 21:22 UTC