◂ Event Timeline

Mar 29, 2018MACROChina

China's yuan to post biggest quarterly rise against US dollar in a decade

The yuan firmed against the dollar on Friday and was on track for its biggest quarterly gain in a decade, about 3.7%. Capital inflows and expectations of a firmer currency amid US trade frictions supported the move.

WHY IT MATTERS

A firmer yuan reduces the dollar cost of Chinese imports and can support import demand. Feed-buyer price effects are modest, but trade-tension expectations are part of the currency backdrop.

AFFECTSChinese Yuan (CNY per USD)▼

SOURCE
businesstimes.com.sgMar 29, 2018

Price reaction & history

Chinese Yuan (CNY per USD)▼bearishSO FAR1d -0.1%5d +0.2%20d +0.5%

After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% over 20.

Sep 21, 2017China's yuan inches up as post-Fed US dollar rally fades - The Business Times+1.1%
Jan 5, 2017China’s offshore yuan surges most against dollar in a year+0.1%
Nov 28, 2016China’s central bank talks up the yuan against US dollar ‘uncertainties’ | South China Morning Post-0.5%
Aug 28, 2020Why the yuan could soon shake off its sluggishness against the US dollar | South China Morning Post-0.7%
Aug 10, 2017China’s yuan strengthens to 10-month high against US dollar+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 ▸

——— · ·

Loading…