Shanghai says no new coronavirus cases outside quarantine for 3rd day in a row

Reassuring noises coming from Shanghai this morning. Authorities there say there have been no new coronavirus cases outside quarantine for the 3rd day in a row.

Yesterday the city foreshadowed easing restrictions from the 22nd of May:

The numbers today are reassurance the reopening moves (small but at least its a start) are on track.

USD is a touch softer the past few minutes, EUR/USD as an example:

eurusd 17 May 2022