China expresses deep concerns over escalating conflict in the Middle East

According to Chinese state media, the situation in Gaza is "very serious," with the possibility of a large-scale ground conflict rising and the outlook "worrisome" as armed conflicts along neighboring borders spread, citing the country's Middle East special envoy.

The envoy Zhai Jun said China has supplied and would continue to offer emergency humanitarian assistance to Palestinians via the UN and bilateral channels in order to help alleviate the humanitarian crisis.

Market reaction

Following the above headline, the US dollar Index (DXY) is up 0.06% on the day at 106.22