Risk appetite picks up as China eases zero-Covid policy
Stock markets are gaining while the US dollar is softening after China announced it would drop its quarantine requirements for inbound visitors. This further eases three-year border controls aimed at curbing Covid-19.
Markets generally dislike uncertainty.
Yet, that doesn’t stop traders and investors from trying to price in what they think is likely to happen in their view.
Dollar downside halted as China Covid concerns deepen
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less hawkish than recent chatter.
Markets Spooked By China Lockdowns and Rate Hike Jitters
Asian markets were wrapped in caution on Tuesday as investors nursed the nasty hangover from the previous day’s rout as fears over the impact of China’s new lockdowns lingered in the air.
Stock markets are gaining while the US dollar is softening after China announced it would drop its quarantine requirements for inbound visitors. This ...
S&P 500
Nasdaq 100
Stocks
China
Covid-19
risk sentiment
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less ...
US Dollar
DXY
Covid-19
China
safe haven
Federal Reserve
rate hikes
inflation
Fed speak
FOMC
Crude Oil
OPEC+
Recession
Asian markets were wrapped in caution on Tuesday as investors nursed the nasty hangover from the previous day’s rout as fears over the impact of Chi...