Following the recovery fueled by the US Consumer Price Index (CPI), markets saw another boost to risk sentiment in early European trading on Friday, after China will reduce its quarantine period for travelers, while the system that penalizes airlines for introducing virus cases into the country will also be eliminated.as reported by Bloomberg.
“Travellers entering China will have to spend five days in a hotel or a government quarantine center,” followed by three days confined at home, the country’s National Health Commission said in a statement on Friday.
Market reaction
US S&P 500 futures rose 0.50% in reaction to headlines over China, as the move is seen as a major twist on Beijing’s strict zero-Covid policy. AUDUSD capitalized on the bounce back above 0.6600 and is currently trading at 0.6636, gaining 0.30% on the day.
Source: Fx Street
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