Yen, Swiss franc gain on China concerns, dollar drops

let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); atwWrapper.find('.instrumentBox').find('.shortInfo').on('click',function () { if(!window.ga){ return; } let pairId = $(this).parent().find('.js-add-to-portfolio').attr('data-pair-id'); let pairType = window.atwPairTypes[pairId]; window.ga('allSitesTracker.send', 'event', 'content', 'symbol link clicked', '', { "dimension147":"symbol_link_clicked", "dimension163":"click", "dimension148":"symbol", "dimension162":"content add to watchlist", "dimension161":"article page", "dimension142":"article", "dimension75":pairType, "dimension138":pairId, "dimension118":"2952403" }); window.open($(this).attr('data-href')); }); window.atwPairTypes = {"2111":"currency","8827":"futureCash","961728":"currency"};

By Karen Brettell

NEW YORK (Reuters) - The safe-haven Swiss franc and Japanese yen gained on Monday, while the Aussie dollar and Chinese yuan underperformed as protests against COVID restrictions in China knocked market sentiment.

The U.S. dollar dipped, meanwhile, which analysts said was unusual as it ran counter to its typical role as a safe haven.

Hundreds of demonstrators and police clashed in Shanghai on Sunday night as protests over China's stringent COVID restrictions flared for a third day and spread to several cities in the wake of a deadly fire in the country's far west.

"We're really looking at the government response to what's happening... the government response is so unpredictable, and of course that just means de-risking," said Chris Weston, head of research at Pepperstone.

The greenback dipped 0.46% to 138.51 Japanese yen, and fell 0.41% against the Swiss franc to 0.9440. The Euro gained 0.29% to $1.0433.

Shaun Osborne, chief FX strategist at Scotiabank in Toronto, said that the move in the dollar could reflect a shift in market sentiment towards the U.S. currency, but noted that its too soon to be certain.

“It does suggest perhaps that the swing against the dollar in the sense of the broader market mood or market positioning is perhaps running a little bit deeper this morning and that might well be significant,” Osborne said.

The dollar index has fallen to 105.85 from a 20-year high of 114.78 on Sept. 28 on expectations that its rally may have been overstretched and as the Federal Reserve looks to slow its pace of rate increases.

The risk sensitive Aussie dollar was the worst performing major currency, falling 0.93% to $0.6692. The currency was also dented by data showing that Australian retail sales suffered their first fall of 2022 in October as rising prices and higher interest rates finally seemed to have an impact on spending.

The offshore yuan weakened against the dollar to 7.2273.

Fed policy will remain a key focus for the market this week with Fed Chair Jerome Powell due to speak on Wednesday, and with key jobs data for November due on Friday.

The U.S. central bank is expected to hike rates by an additional 50 basis points when it meets on Dec. 13-14.

========================================================

Currency bid prices at 9:48AM (1448 GMT)

Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid

Previous Change

Session

Dollar index 105.8500 106.3400 -0.44% 10.649% +106.5200 +105.3100

Euro/Dollar $1.0433 $1.0403 +0.29% -8.23% +$1.0497 +$1.0342

Dollar/Yen 138.5100 139.1650 -0.46% +20.33% +139.4350 +137.5000

Euro/Yen 144.50 144.75 -0.17% +10.88% +145.0000 +143.0600

Dollar/Swiss 0.9440 0.9480 -0.41% +3.50% +0.9479 +0.9407

Sterling/Dollar $1.2053 $1.2089 -0.28% -10.86% +$1.2118 +$1.2027

Dollar/Canadian 1.3454 1.3400 +0.41% +6.41% +1.3473 +1.3395

Aussie/Dollar $0.6692 $0.6756 -0.93% -7.92% +$0.6728 +$0.6667

Euro/Swiss 0.9849 0.9833 +0.16% -5.03% +0.9890 +0.9793

Euro/Sterling 0.8654 0.8598 +0.65% +3.02% +0.8675 +0.8587

NZ $0.6208 $0.6247 -0.59% -9.27% +$0.6244 +$0.6193

Dollar/Dollar

Dollar/Norway 9.9245 9.8765 +0.60% +12.79% +9.9800 +9.8835

Euro/Norway 10.3517 10.2549 +0.94% +3.38% +10.3856 +10.2623

Dollar/Sweden 10.4313 10.4112 +0.61% +15.67% +10.5028 +10.3700

Euro/Sweden 10.8834 10.8171 +0.61% +6.35% +10.8988 +10.8406