The dollar climbed on Monday as protests in China against the government's anti-COVID policies made investors turn away from riskier assets, and consigned the Chinese yuan to a more than two-week low against the safe-haven greenback.
and spread to several cities in the wake of an apartment fire that killed 10 people in Urumqi in the country's far west. Hundreds of demonstrators and police clashed in Shanghai on Sunday night.
The Australian dollar , often used as a liquid proxy for the yuan, slid more than 1% to $0.6681. The kiwi fell 0.72% to $0.6202. "Companies are currently facing weaker retail sales from a higher number of COVID cases and falling home prices from unfinished home projects."
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