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A Caixin opinion piece examines how the Russia-Ukraine crisis and fresh US sanctions on Russian sovereign debt could affect the yuan and other currencies through three channels. Financial markets are described as on edge.
Currency channels from the crisis shape import affordability for China and other buyers, but the piece is analysis rather than a new market event.
caixinglobal.comPeng WenshengFeb 23, 2022After 27 past geopolitics events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (37% higher; middle half -0.4% to +0.2%), and -0.5% 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.
