EROTF - China's Covid Sends Commodities Lower And Helps The Dollar Extend Gains

• Fears that the Chinese lockdowns to fight Covid, which have extended for four weeks in Shanghai, are not working, and may be extended to Beijing has whacked equity markets, arrested the increase in bond yields, and lifted the dollar.
• The euro traded to almost $1.0705 in late Asia Pacific turnover, its lowest level since March 2020.
• The US dollar jumped 0.65% against the Canadian dollar last Thursday and slightly more than 1% before the weekend.

For further details see: