
China's yuan rose to a seven-week high against the dollar after the government eased some COVID-19 controls, including shorter quarantines for close contacts and removal of airline penalties for infected arrivals. The move was reinforced by a softer-than-expected US inflation reading that weakened the dollar.
A firmer yuan and easing COVID restrictions improve Chinese import purchasing power and economic outlook, which modestly supports demand for grains and meals.
Tras 362 eventos bajista de macro pasados, Yuan chino (CNY por USD) se movió una mediana de -0,1 % en 5 sesiones (42% al alza; mitad central entre -0,4 % y +0,1 %), y -0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Easing of COVID curbs plus softer US CPI weakened the dollar and sent the yuan to a 7-week high, directly driving the CNY per USD drop.
China's easing of some COVID curbs and a softer US CPI weakened the dollar and sent the yuan to a seven-week high, driving the sharp CNY per USD decline into Nov 14.