ICYMI - China denied an end to COVID zero on Saturday. The US dollar is higher on Monday

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ICYMI - China denied an end to COVID zero on Saturday. The US dollar is higher on Monday

<p>Rumours abounded last week of China bringing an end to its strict 'zero' approach to COVID. On sneeze and a city gets locked down! (Not quite but outbreaks were swiftly met with mobility restrciitons that slammed local economies). </p><p>"Risk" trades surged on reopening, equities, AUD (and other FX at the expense of the USD).</p><p>On Saturday, though, health authorities in China denied an end to 'zero' any time soon. I posted on it earlier. ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/weekend-china-news-on-saturday-health-officials-confirmed-zero-covid-still-in-place-20221106/" rel="follow" target="_self" class="article-link vertical-align-baseline">Weekend China news - on Saturday health officials confirmed zero COVID still in place</a></li></ul><p>The early flows are back into the USD. AUD/USD is circa 0.6428 as an example. EUR, GBP, NZD yen and others are all lower against the USD also. </p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: ICYMI - China denied an end to COVID zero on Saturday. The US dollar is higher on Monday

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