An OMFIF analysis says the renminbi has fallen substantially this year against the dollar, down nearly 8.5%, despite a rebound of about 5% from October lows. Capital outflows driven by higher U.S. rates are the main cause, even though China's current account surplus is large.
Authorities have acted to slow depreciation.
Persistent yuan weakness makes Chinese imports of dollar-priced commodities more expensive, which can weigh on demand. The outlook depends on whether U.S. rate peaks and China's reopening curb capital outflows.
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.