Chinese city hosting key iPhone plant lifts Covid lockdown – Bloomberg

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“The Chinese city of Zhengzhou shuttered hundreds of buildings and apartment blocks hours after lifting broader lockdown measures, as officials strive to make their Covid controls more targeted in line with Beijing’s directives,” reported Bloomberg.

Earlier on Tuesday, the news broke that China’s Guangdong province will allow the close contacts of the Covid cases to quarantine at home.

Although the news should have ideally helped AUD/USD, the Aussie pair remains inactive around 0.6690, fading the previous day’s corrective bounce ahead of the key data/events.

Also read: Forex Today: All eyes on Federal Reserve’s Powell, Aussie CPI and China PMIs

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