◂ Event Timeline

Feb 13, 2023MACROChina

China's yuan hits 5-week low, South Korea export data darkens outlook

China's yuan fell to a five-week low in early Monday trading as weak South Korean export data pointed to deteriorating Asian export orders. The spot rate traded near 6.83 per dollar while the PBOC set its midpoint weaker at 6.8151.

WHY IT MATTERS

Softer Asian export demand and a weaker yuan could reduce Chinese import appetite and pressure the value of commodities priced in dollars.

AFFECTSChinese Yuan (CNY per USD)▲

SOURCE
cnbc.comReutersFeb 13, 2023

Price reaction & history

Chinese Yuan (CNY per USD)▲bullishSO FAR1d +0.1%5d +0.8%20d +0.5%

After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.

Jun 14, 2023Diverging rates outlook has China's yuan eying 2022 lows+0.3%
Dec 11, 2023China’s yuan weakens to 3-week low, hurt by deflation signs - Markets - Business Recorder-0.7%
Jun 18, 2026China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder+0.6%
Jun 27, 2024China's Yuan Hits Seven-Month Low As Dollar Outflows Persist - Finimize+0.0%
Jul 30, 2018China's yuan hits 13-month low on weaker fixing and depreciation bets+0.3%

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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