◂ Event Timeline

Jun 16, 2021REPORTChina

Chinese Yuan Holds Steady Against Dollar, Euro on Mixed Economic Data

The yuan held steady against the dollar and euro after mixed Chinese data. May retail sales growth of 12.4% missed expectations, industrial output expanded at its slowest pace in five months, and the unemployment rate fell to 5%.

WHY IT MATTERS

Softer May industrial output and retail sales point to slightly weaker near-term Chinese demand for feed inputs. The data had a limited effect on currency and commodity prices.

AFFECTSChinese Yuan (CNY per USD)◆

SOURCE
fxdailyreport.comDaffa ZakyJun 16, 2021

Price reaction & history

Chinese Yuan (CNY per USD)◆neutralSO FAR1d -0.1%5d +1.2%20d +1.0%

After 17 past neutral report events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (47% higher; middle half -0.2% to +0.4%), and -0.8% over 20.

Feb 7, 2018Stronger yuan won’t dent China trade | snaps | ING THINK+0.9%
Nov 15, 2022China data disappoints; USD/CNH halts 3-Day slide+1.3%
Dec 21, 2018China sees stable forex market in November - CGTN-0.1%
Dec 7, 2018China surprises with higher foreign reserves from inflows | snaps | ING THINK-0.0%
Jan 16, 2024Board of Governors of the Federal Reserve System+0.4%

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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