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The yuan has held near a four-year high after Russia's attack on Ukraine, falling less than peers such as the euro and won. Analysts describe it as trading like a safe-haven currency during the crisis.
Yuan resilience supports China's dollar-denominated feed import demand, while broad global risk-off may weigh on commodity currencies and stocks.
scmp.comReutersFeb 24, 2022After 10 past bearish geopolitics events, Chinese Yuan (CNY per USD) moved a median -0.3% over 5 sessions (40% higher; middle half -0.5% to +0.2%), and -0.8% over 20.
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.
