The US Dollar soared on Monday as the Nasdaq 100 sank. A reemergence in harsh Chinese Covid lockdown threats leaves Asia-Pacific markets vulnerable on Tuesday.

Crude oil prices were crushed on Friday as the futures market entered contango. Wall Street risk aversion may set a sour tone for Asia-Pacific markets to start the week.

The Australian Dollar is testing a critical trendline breakout higher despite rising geopolitical tensions in Europe as Asia-Pacific markets are left on edge for Wednesday’s trading session.

Bitcoin rebounded strongly during US trading hours after a weaker-than-expected CPI report weighed on Fed rate hike bets. Asia-Pacific markets will attempt to capitalize on the move.

The Australian Dollar fell alongside iron ore prices after China increased Covid curbs in the city of Guangzhou. A crypto market rout weighed on market sentiment ahead of the US CPI data.

The Chinese Yuan is in focus ahead of Chinese inflation data due today. US stocks closed higher after traders brushed off volatility in the cryptocurrency market. Copper resumed a technical breakout.

USD/JPY hit a fresh multi-decade high as the US Dollar surged despite a revival in US stock prices. Japan is facing higher steel prices that threaten to add more drag to its economic recovery.

The Australian Dollar is moving lower against the US Dollar after US stocks fell for a fourth session. China’s Caixin PMI data is in focus after Australian PMI data declined for August.

The Australian Dollar was largely unfazed against the USD after China’s manufacturing activity crossed the wires. The PMI index remained in contraction, dimming hopes that a Chinese economic reboun…