The modification of China's vaccination and quarantine protocols has spurred the biggest two-week rally in the yuan in the last few decades. Click here to find out more.
When Western media outlets and politicians warned about the so-called global impact of China s anti-COVID-19 measures on supply chains, investors appeared totally unimpressed, an ironic contrast that reveals the real level of market confidence in the Chinese economy amid Western badmouthing.
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USD fell against all major currencies last week but pared the losses. The modest correction appears to have run its course, and the dollar may enjoy a firmer bias ahead of the FOMC meeting.