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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.
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.
Following a string of dramatic interventions by Beijing, the worst selloff in Chinese markets since 2008 turned into a historic surge.
Overview: The tech sell-off in the US yesterday, ostensibly driven by higher rates, carried over into trading today. South Korea, China, and Hong Kong