News of anther district lockdown in the major manufacturing hub on Guangzhou has added to the recent decline in risk sentiment after the crypto world experienced another ‘shock’ as Binance announced its intention to take over rival crypto exchange FTX amid mass liquidity shortages subject to due diligence. Overnight, it appears that the Japanese Yen was the main beneficiary of recent developments as it emerged the top forex performer in the early hours of the morning, with the NZD underperforming – possibly in reaction to the negative news accruing in China. A weaker dollar coupled with a volatile crypto market has ... (full story)