Technical Analysis

China is expected to announce a further substantial easing of COVID curbs on Wednesday

Reuters with the info, citing unnamed sources:

  • China is set to announce a further easing of COVID curbs as early as Wednesday
  • a new set of nationwide rules is due to be announced soon, two sources with knowledge of the matter told Reuters
  • Beijing is also weighing whether to scale down its management of the virus to reflect the less serious threat it poses as early as January

Also this

  • Exclusive: China may announce 10 new COVID easing steps on Wednesday

There is the prospect of set-backs as new infections rise with the scaling back of restrictions, but for now, the mood is optimistic.

Yuan strength:

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