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Jun 28 - 03:55 AM

AUD/USD - Leaps On Fresh Sign China Is Relaxing Virus Curbs

By Ewen Chew  —  Jun 28 - 02:40 AM
  • AUD/USD jumps to 0.6963 from 0.6927 on China cue

  • China halves quarantine for overseas visitors nB9N2XP01B

  • Signifies an easing of Beijing's zero-COVID policy

  • China stocks +0.8%, yuan and AUD rally on the headlines

  • AUD/USD sails clear of Bollinger downtrend channel 0.6913

  • Could reach 21 DMA resistance 0.7045 before petering out

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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