◂ Event Timeline

Jun 2, 2022MACROChina

China’s yuan eases as investors expect higher cash injection in June - Markets

China's yuan touched a near one-week low on June 2 as investors expected larger central bank liquidity injections in June. Provinces were racing to issue about $225 billion of bonds to support the economy.

WHY IT MATTERS

Expected liquidity injections and bond-funded stimulus may weaken the yuan, raising the local cost of dollar-priced feed imports, though stimulus supports Chinese demand.

AFFECTSChinese Yuan (CNY per USD)▲

SOURCE
brecorder.comReutersJun 2, 2022

Price reaction & history

Chinese Yuan (CNY per USD)▲bullishSO FAR1d -0.4%5d -0.0%20d +0.2%

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 19, 2023China’s yuan eases as investors wait for stimulus details, outcome of Blinken visit - Markets - Business Recorder+1.6%
Oct 31, 2024China’s yuan eases ahead of US election, shrugs off strong PMI - Markets - Business Recorder+0.8%
Oct 21, 2024China’s yuan steady after LPR cuts, eyes on US election - Markets - Business Recorder+0.3%
Oct 18, 2021Yuan slips after China's Q3 GDP slower than expected - Markets - Business Recorder-0.8%
Jan 11, 2021China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder+0.1%

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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