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Dollar Slips as Investors Take Heart From Looser China COVID-19 Rules

Started by Epoch-Times-Bot, Dec 27, 2022, 06:15 AM

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Epoch-Times-Bot

Dec 27, 2022, 06:15 AM
Dollar Slips as Investors Take Heart From Looser China COVID-19 Rules

LONDON—The dollar fell on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers—a major step in reopening its borders that boosted risk-related currencies such as the New Zealand and Australian dollars.
China will stop requiring inbound travelers to go into quarantine on arrival starting Jan. 8, the National Health Commission said on Monday, even as COVID-19 cases spike. At the same time, Beijing downgraded regulations for managing COVID-19 cases to the lighter Category B from the top-level Category A.
The New Zealand dollar rose by 0.7 percent to $0.6316, while the Aussie rose 0.5 percent to $0.6765 in mostly thin trading during the year-end holiday season. The two currencies are often used as liquid proxies for the Chinese yuan....

Source: Dollar Slips as Investors Take Heart From Looser China COVID-19 Rules

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