Risk-off themes as China vows to stick with Covid-Zero strategy – by fx_ross China AUDUSD
''The Aussie fell as much as 1.1% to 64.02 US cents with the Kiwi trailing close behind, to lead major currencies including the euro and pound lower. The greenback climbed against its Group-of-10 peers as traders sought haven assets.''
The Greenback initially rose immediately after the data, but fell as market participants digested the jobs report, noting the data was not all positive and supports the view the Federal Reserve could slow the pace of future rate hikes. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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