AUD/USD: Upbeat China PMI, IMF growth forecasts probe bears around mid-0.7000s – by anilpanchal7 AUDUSD IMF PMI RiskAppetite Fed
and Europe, an easing of energy costs and the reopening of China's economy after Beijing abandoned its strict COVID-19 restrictions.
Adding to the cautious optimism could be the news suggesting US President Joe Biden’s administration’s readiness to revoke the Covid-led emergencies from May 11 appeared to have favored the risk-on profile of late. On Monday, China’s Center for Disease Control and Prevention said, reported by Reuters, “China's current wave of COVID-19 infections is nearing an end, and there was no significant rebound in cases during the Lunar New Year holiday.
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