Here's an interesting item that suggests China may soon dump the COVID zero policy

I'm sure you all remember this guy - he was editor of the Global Times until recently and was VERY wired into China's leadership.

These two tweets from him overnight:

That first tweet seems very specific. "No longer afraid". "May walk out .... sooner than expected".

Seems to me China is going to exit its very strict COVID approach soon. What do ForexLive traders think? In the comments please folks.

Also, I am trying to confirm but apparently there is a news conference being given by the Joint Prevention and Control Mechanism of the State Council in China at 3pm local time. Maybe we'll get more hints then. Its currently just after 11am in China (they don't have timezones in the country, its all one time).

Hong Kong's Hang Seng is up around 3.3% today

• Shanghai Comp up over 1.7%

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eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term