Hight Level

The dollar fell on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travellers - a major step in reopening its borders that boosted risk-related currencies such as the New Zealand and Australian dollars.

China will stop requiring inbound travellers to go into quarantine on arrival starting Jan. 8, the National Health Commission said on Monday, even as COVID cases spike. At the same time, Beijing downgraded regulations for managing COVID cases to the lighter Category B from the top-level Category A.

Thailand's government is planning to keep its budget deficit to no more than 3% of gross domestic product in the 2024 fiscal year, the finance minister said on Tuesday, aiming for a deficit of 593 billion baht ($17.13 billion).

Arkhom Termpittayapaisith also said the inflation target range of 1% to 3% was appropriate and monetary policy would ensure continued recovery of the economy.

The inflation target will help maintain price stability and keep medium-term inflation expectations anchored, he told a news conference.

As the year 2022 comes to a close, a steady theme has been cryptocurrency markets falling under selling pressure.

With bear market conditions prevailing, we rank the biggest gainers and losers among the top 100 cryptocurrency assets, as ranked by capitalization. Performance numbers are as of December 27th.

2022 saw the EUR/USD pair return below parity, with a low of 0.9535 on September 28, not only the low for the year but also the lowest mark since June 2002, more than 20 years ago.

Between the beginning of the year, when the euro was worth around $1.135, and the low in late October, this year's bearish move ultimately amounted to over 1800 basis points.