• Reuters cite sources in reporting that China may soon shorten quarantine rules for inbound travellers from 10 days to 7 or 8 days.
  • That headline helping the latest leg higher in CNY and CNH (the strongest session so far for the currency since Oct 26's state-bank intervention).
  • Follows continued speculation that China could ease their COVID policy approach, with reports that authorities are planning to end flight suspensions - a move that could materially increase international travel into/out of China.
  • China's Foreign Ministry have already denied any knowledge this morning, but these sources comments working against that statement.

CNH Surges Further on Reports China Could Switch Quarantine Rules

Last updated at:Nov-04 11:17By: Edward Hardy
Oil Bullets+ 1
  • Reuters cite sources in reporting that China may soon shorten quarantine rules for inbound travellers from 10 days to 7 or 8 days.
  • That headline helping the latest leg higher in CNY and CNH (the strongest session so far for the currency since Oct 26's state-bank intervention).
  • Follows continued speculation that China could ease their COVID policy approach, with reports that authorities are planning to end flight suspensions - a move that could materially increase international travel into/out of China.
  • China's Foreign Ministry have already denied any knowledge this morning, but these sources comments working against that statement.

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