China COVID worries have weighed on sentiment, though the tension between near-term disruptions and the prospect of eventual reopening continues. The dollar is higher on the DXY, equities globally are lower, and the AUD is off 1.5% to 0.6652, the weakest of the G10 currencies. Fed officials insisted there was more work to be done to tame inflation, with Bullard saying markets may be underestimating the chances of higher terminal rates helping US equities extend further into the red in the US afternoon. China protests and COVID have seen a tone of caution to start the new week. Chinese markets opened the new week in ... (full story)