LONDON—The dollar fell on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers—a major step in reopening its borders that boosted risk-related currencies such as the New Zealand and Australian dollars.
China will stop requiring inbound travelers to go into quarantine on arrival starting Jan. 8, the National Health Commission said on Monday, even as COVID-19 cases spike. At the same time, Beijing downgraded regulations for managing COVID-19 cases to the lighter Category B from the top-level Category A.
