AUD/USD drops back to 0.7450 as China’s covid fears join firmer yields, Ukraine woes By anilpanchal7 AUDUSD Ukraine YieldCurve Fed Coronavirus
-barometer pair refreshed the highest levels since November 2021 during the day-start advances before the latest downside to renew daily low.
A steady increase in China’s daily covid infections, recently by 2,469 versus 2,432 prior, joins the news of a virus-led lockdown in Tangshan to weigh on the. On the same line were chatters surrounding the faster spread of a new coronavirus variant called BA2 in Europe. It’s worth observing that the Wall Street Journal signaled heavy sanctions for Russian lawmakers will be unveiled by US President Joe Biden’s administration on Thursday. Additionally, Nikkei tried to portray challenges for China if the Beijing-Moscow links get identified as supporting the Ukraine war.
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