◂ Event Timeline

Nov 9, 2022MACROChina

Yuan slips as weak inflation fans growth concerns - Markets

China's yuan weakened slightly on Wednesday after factory-gate prices fell 1.3% year-on-year in October and consumer inflation slowed to 2.1%. The People's Bank of China set the midpoint at 7.2189 per dollar.

WHY IT MATTERS

Weak inflation signals soft domestic demand for feed and livestock products, and a softer yuan can lift the local cost of imported feed ingredients.

AFFECTSChinese Yuan (CNY per USD)▲

SOURCE
brecorder.comReutersNov 9, 2022

Price reaction & history

Chinese Yuan (CNY per USD)▲bullishSO FAR1d -0.1%5d -2.1%20d -3.9%

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 13, 2022China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder+0.1%
Jan 17, 2023Indian rupee weakens on yuan-led slide on Asian currencies - Markets - Business Recorder+1.3%
Mar 24, 2021China's yuan slips on dollar strength, Sino-West tensions - Markets - Business Recorder+0.9%
Dec 11, 2023China’s yuan weakens to 3-week low, hurt by deflation signs - Markets - Business Recorder-0.7%
May 8, 2024China’s yuan slips as hawkish Fed comments boost dollar - Markets - Business Recorder+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 ▸

——— · ·

Loading…