Free Trial

CNH Edges Higher as WSJ Report on Likely Small Tweaks to Zero COVID Strategy

CHINA
  • WSJ reports that Chinese Leaders are weighing steps toward Zero-Covid reopening, but no timeline has been set, according to sources. Nonetheless, a return to pre-pandemic levels of activity is not likely before the end of 2023.
  • Small step lower in USD/CNH on the back of those headlines - but nothing in there that's too outside of expectations.
  • Consensus timeline remains for more material announcements to be made in March at the conclusion of the political reshuffle.
  • 7.1961 marks the overnight low in USD/CNH, with Friday's 7.1725 just below there.
  • WSJ article on that story here: https://www.wsj.com/articles/china-weighs-zero-cov...

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.