SINGAPORE : The dollar gained broadly on Monday as protests against COVID restrictions in China stoked uncertainty and dented sentiment, sending the yuan sliding and pushing nervous investors toward the safe-haven greenback.
"Certainly at the start of the week, it will set the tone. And I suppose what will be the focus as well, will not only be the imposition of restrictions that China may introduce, if any, but the level of contagion as well." "Companies are currently facing weaker retail sales from a higher number of COVID cases and falling home prices from unfinished home projects."The Japanese yen edged about 0.1 per cent lower to 139.27 per dollar.
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