Dollar steadies as optimism over China reopening turns to caution

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Reuters UK

By Rae Wee SINGAPORE (Reuters) – The dollar steadied on Thursday after riding long-end U.S. Treasury yields higher overnight, as initial optimism over China’s reopening fizzled. Following China’s removal of its quarantine rule for inbound travellers beginning Jan. 8, countries such as the United States, Japan and India said they would require COVID tests for travellers from China. The speed at which the country has scrapped COVID rules has left its fragile health system overwhelmed and sparked concerns about the spread of the virus. The Japanese yen was last nearly 0.5% higher at 133.83 per do…

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