Aussie was up at 0.6800; the pair retreats to 0.6720. Market sentiment worsens due to concerns about COVID-19 infections in China. AUD/USD remains in the range of recent years as markets focus on US data. The Aussie completed Thursday’s uptrend as the pair rebounded from a one-week high of 0.6800 and pared losses to a weekly low of 0.6720 at the start of the European session. ZONES ABOUT COVID-19 IN CHINA reduce the RISK COMMAND A strong increase in coronavirus infections in China has dampened hopes for an economic recovery of the Asian dragon, shattering the moderate optimism seen in the first half of the week. , major Asian markets ended Thursday’s session in the red, with European indices following suit, falling from 0.17 percent in Frankfurt to 0.62 percent in London. China has seen an increase of , cases of COVID-19 since the government abandoned its Covid-19 policy, engulfing the country’s health system in a wave that threatens to spread from cities to the countryside as many citizens travel to celebrate the Lunar New Year. with their families. In this regard, many countries are considering introducing a covid test for tourists from China. The US has already announced mandatory tests from January 5, and Italy is considering the same measure after half of the passengers on a plane from China tested positive for coronavirus at Milan’s Malpensa airport on Wednesday. Sentiment-bound Aussie was hurt by sour sentiment and investor concern about the fallout from China’s economic growth. However, in the post-Christmas market, the pair will remain in the final ranges on Thursday, focusing on previous US jobless claims and oil inventories due later today.

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