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The yuan strengthened to its firmest level since May 2018, hitting 6.3477 per dollar in late trading. China's November trade surplus reached US$72 billion, with exports up 22% on the year.
Foreign reserves rose to US$3.222 trillion at the end of November.
Strong export growth and a large surplus point to robust Chinese external demand and currency inflows. Analysts warn that depreciation risks are rising, which could weigh on the yuan and the purchasing power of Chinese feed buyers.
scmp.comAmanda Lee8 dec 2021Na 362 eerdere neerwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan -0,1% over 5 sessies (42% hoger; middelste helft -0,4% tot +0,1%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Strong November trade surplus and export growth supported yuan demand and appreciation, contributing to the volatile move around Dec 8-9.
