China CDC: Current wave of COVID infections nearing an end
|As per the latest weekly update from China’s Center for Disease Control and Prevention (CDC), reported by Reuters, “China's current wave of COVID-19 infections is nearing an end, and there was no significant rebound in cases during the Lunar New Year holiday.”
The news also quotes an anonymous CDC official as saying, “The number of severe COVID cases and deaths was also trending downward.”
Also read: China Cabinet aims to boost consumption and imports
Market reaction
The news should have underpinned the AUD/USD upside due to the likely positive impact on the market sentiment amid China-linked optimism. However, the Aussie pair prints mild losses around 0.7100 by the press time.
Also read: USD/CNH prints mild losses around 6.7400 on China-linked concerns ahead of PMIs, Fed and US NFP
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.