China COVID – Beijing is experiencing a “highly explosive” COVID-19 outbreak


Beijing reintroduced some minor restrictions (all off-campus and “offline” sports activities for teenagers would be canceled from Sunday). Earlier, a city government spokesperson said that a recent outbreak “The recent outbreak…is highly explosive in nature and far-reaching in scope“. Which doesn’t sound too good at all.

Even the Chinese Communist Party-controlled state media is sweating the latest developments. On the Beijing outbreak mentioned above:

  • The Global Times reporter learned that some districts in Chaoyang were closed for 10 days from Saturday for being found linked to the outbreak.

Shanghai also seems to be taking a step back. It is China’s largest city with approximately 25 million people and a key economic center.

  • Authorities ordered PCR tests for all residents in 15 of Shanghai’s 16 districts over the weekend, and five districts banned residents from leaving their homes during the testing period.

Ouch, 5 of the 25 districts are closed for the weekend. It’s a rollercoaster (not the fun kind) there.

There is no end in sight to China’s COVID zero policy. President Xi Jinping, during a motivational speech, said:

  • “Perseverance is victory, We should unswervingly adhere to the general policy of ‘dynamic cleaning’, build trust, eliminate interference, overcome crippling thoughts, pay close attention to the key tasks of epidemic prevention and control, and resolutely consolidate the hard-won results of epidemic prevention and control.

Join us for the opening of the new forex week on Monday in the Asian and Chinese markets which will open a few hours later.

aud

USD

The Australian dollar (AUD) is the official currency of Australia, which is also used on Christmas Island, the Cocos (Keeling) Islands, Norfolk Island, as well as in the independent states of the Pacific. Introduced in 1966, the AUD is currently the fifth most traded currency. in the world, behind only the US dollar, the euro, the Japanese yen and the British pound. The currency is very important for the foreign exchange markets and is regularly used as a carry trade against other majors. The Reserve Bank of Australia (RBA) is the central banking authority responsible for managing and issuing banknotes in AUD. What factors affect the AUD? The AUD is more sensitive than other currencies to macroeconomic factors. Overall, monetary policy is the main driver of the currency, including interest rate differentials. Beyond Australia, the prices of commodities such as those of precious metals and others are also important to the AUD and can cause its value to fluctuate against other currencies. Global risk sentiment and confidence are also indicators that are closely watched given their correlation with the AUD. This is because the AUD is considered a base currency and also used as one of the most popular indicators of growth and risk in global financial markets. the mood of the global market is likely to drive the AUD higher, while if there is prevailing pessimism, the AUD will often fall. Domestically, government credit ratings can also impact the AUD. Australia’s credit rating influences its debt risk profile. This trend directly influences the cost the government has to pay on the debt it owes.

The Australian dollar (AUD) is the official currency of Australia, which is also used on Christmas Island, the Cocos (Keeling) Islands, Norfolk Island, as well as in the independent states of the Pacific. Introduced in 1966, the AUD is currently the fifth most traded currency. in the world, behind only the US dollar, the euro, the Japanese yen and the British pound. The currency is very important for the foreign exchange markets and is regularly used as a carry trade against other majors. The Reserve Bank of Australia (RBA) is the central banking authority responsible for managing and issuing banknotes in AUD. What factors affect the AUD? The AUD is more sensitive than other currencies to macroeconomic factors. Overall, monetary policy is the main driver of the currency, including interest rate differentials. Beyond Australia, the prices of commodities such as those of precious metals and others are also important to the AUD and can cause its value to fluctuate against other currencies. Global risk sentiment and confidence are also indicators that are closely watched given their correlation with the AUD. This is because the AUD is considered a base currency and also used as one of the most popular indicators of growth and risk in global financial markets. the mood of the global market is likely to drive the AUD higher, while if there is prevailing pessimism, the AUD will often fall. Domestically, government credit ratings can also impact the AUD. Australia’s credit rating influences its debt risk profile. This trend directly influences the cost the government has to pay on the debt it owes.
Read this term


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button