Forex
The US dollar is edging down as the European session gets underway. China is boosting its vaccination of vulnerable citizens, and it could be a sign that Beijing is preparing to relax its zero-Covid policy. This news was welcomed by the markets, driving a rise in risk appetite that would normally be negative for the safe-haven dollar. However, any downside for the greenback was balanced out by a mood of expectation from investors. Dollar traders are awaiting the release of US GDP numbers later today, and employment figures on Friday; two important sets of data, that are likely to influence the Federal Reserve’s decision making when it meets again in December.
