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China COVID cases mounting – Guangzhou reports over 8,200 new local Covid-19 cases | Forexlive

Reports out of China from the weekend on new lockdowns and other restrictions sent a wobble through ‘risk’ on Monday and bids into the USD.

In addition to the numbers in the headline above, Shijiazhuang, a city of around 11 mn outside Beijing, has forbidden residents in areas deemed high risk for Covid-19 from leaving their homes. Everyone else is advised to stay at home “in principle”.

So far in the session here the USD is a little lower. EUR/USD for example: