◂ Event Timeline

Sep 15, 2023MACROChina

China's economy shows signs of stabilising but property slump threatens outlook

China's economy shows signs of stabilising, though a property slump threatens the outlook. The yuan touched two-week highs against the dollar and Chinese and Hong Kong stock indexes edged higher in early trade.

WHY IT MATTERS

Signs of economic stabilisation in China could support steadier demand for imported feed ingredients, though the property weakness remains a drag on the outlook.

AFFECTSChinese Yuan (CNY per USD)

SOURCE
reuters.comEllen Zhang, Joe CashSep 15, 2023

Price reaction & history

Chinese Yuan (CNY per USD)no directional readSO FAR1d -0.0%5d +0.4%20d +0.4%

After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.

Oct 19, 2021China's yuan jumps to 4-month high as property concerns ebb | Reuters-0.7%
Feb 20, 2024China slashes mortgage reference rates to revive property market | Reuters+0.1%
Apr 4, 2019U.S.-China trade optimism to help yuan overcome concerns over weakening economy: Reuters poll+0.1%
Aug 24, 2018What's really going on with China's economy?-0.5%
Dec 6, 2022China's yuan slips, traders wary of reopening risks | Reuters+0.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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