{"id":77896,"date":"2023-01-04T16:37:13","date_gmt":"2023-01-04T12:37:13","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=77896"},"modified":"2023-01-04T18:06:24","modified_gmt":"2023-01-04T14:06:24","slug":"euro-stabilizes-and-hopes-of-lifting-covid-restrictions-in-china-boost-sentiment-ahead-of-fed-minutes","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/euro-stabilizes-and-hopes-of-lifting-covid-restrictions-in-china-boost-sentiment-ahead-of-fed-minutes\/01\/04\/market-updates\/","title":{"rendered":"Euro stabilizes and hopes of lifting Covid restrictions in China boost sentiment ahead of Fed minutes"},"content":{"rendered":"\n<p>The euro stabilized on Wednesday, January 4, and high-risk currencies recovered thanks to optimism that China&#8217;s lifting of Covid restrictions would boost growth, while investors&#8217; focus shifted to US data and the Federal Reserve.<\/p>\n\n\n\n<p>The euro had lost 1% overnight, its biggest drop in more than two months after a larger-than-expected decline in German inflation, but it rose from a 3-week low of $1.0570 in Asian trading.<\/p>\n\n\n\n<p>The Australian dollar rose 1% to $0.6800 after overnight losses, and the yuan rose 0.4% to 6.8913 against the dollar, on its way back to its level on Tuesday, the highest in 4 months.<\/p>\n\n\n\n<p>China&#8217;s state media reported a &#8220;final victory&#8221; over the pandemic, fueling market bets that China&#8217;s easing of rules and reopening is irreversible.<\/p>\n\n\n\n<p>The yen rose 0.1% to 130.83 against the dollar.<\/p>\n\n\n\n<p>The dollar index rose 1% yesterday, Tuesday, to 104.73, mostly due to the decline in the euro, and it retreated somewhat today, Wednesday, to 104.57, and the pound sterling touched 1.1973 dollars.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro stabilized on Wednesday, January 4, and high-risk currencies recovered thanks to optimism that China&#8217;s lifting of Covid restrictions would boost growth, while investors&#8217; focus shifted to US data and the Federal Reserve. The euro had lost 1% overnight, its biggest drop in more than two months after a larger-than-expected decline in German inflation, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":55033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,36],"tags":[7211,6877,6928,6882],"class_list":["post-77896","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=77896"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77896\/revisions"}],"predecessor-version":[{"id":77897,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77896\/revisions\/77897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55033"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=77896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=77896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=77896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}