#XAU/USD#
As the market expected that #China’s economy would revive despite the zero-tolerance approach for the Covid-19 policy, yuan and other currencies sensitive to China’s growth all gained, sending the #dollar to back foot. #offshoreyuan held firm at 7.2200 per dollar, marking the best performance in the recent two years. The #euro recovered and hovered at $1.0026 while kiwi climbed 0.2% to a seven-week high of $0.5951. Aussie also went up together with other peers and now stood at $0.6486. #yen hit a one-week high of $146.35.
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