
The yuan slipped to a one-year low against the dollar as strict Covid lockdowns were reported in parts of Beijing, Shanghai and other cities. The currency had suffered its worst week in seven years, and the PBOC set its midpoint at 6.4909.
Lockdowns raise the risk of supply chain disruption and weaker Chinese demand for feed inputs. A falling yuan makes dollar-priced imports more expensive for Chinese buyers.
Setelah 398 peristiwa makro bullish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median +0,0% selama 5 sesi (56% lebih tinggi; separuh tengah -0,3% sampai +0,5%), dan +0,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Yuan hit one-year lows amid Beijing and Shanghai lockdowns and its worst week in seven years, reflecting sentiment-driven depreciation within the window.
On 2022-04-25 the yuan hit one-year lows on reported Covid lockdowns in Beijing and Shanghai, directly pushing USD/CNY higher.