Asia FX rises after sharp losses, but China, Fed fears persist.
Most Asian currencies rose slightly on Tuesday as they recovered from sharp declines in recent sessions, although hawkish comments from some Federal Reserve officials and concerns over rising COVID-19 cases in China kept markets subdued.
China’s yuan rose 0.2% to 7.1518 against the dollar, recovering from a 10-day low despite a slightly bearish midpoint fix by the People’s Bank.
