
PBOC policy committee member Wang Yiming called for stronger growth-support measures to push second-quarter GDP growth above 5%. USD/CNY rose to a yearly high of 6.5414 as the yuan posted its worst week since 2015 on growth concerns, Covid lockdowns and the widening US-China yield gap.
Weaker Chinese growth reduces expected demand for feed grains and meal, while a weaker yuan raises import costs. Any stimulus that follows could partly offset this demand weakness.
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.
On 25 April USD/CNY rose to a yearly high of 6.5414 on growth concerns, lockdowns and the widening US-China yield gap, directly reflecting the move.