Against a basket of currencies, the US dollar index was firm at 104.28.
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. Sterling rose 0.19% to $1.2040, but was similarly not far off its three-week trough of $1.1993 hit last week.“Many countries adopting an additional layer of testing for travellers arriving from China reflect hobbled resumption of travel amid China’s outbreak,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank. “This might also fuel fears of new strains of COVID that could once again disrupt the global recovery.
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