◂ Gebeurtenissenverloop

3 jan 2023MACROChina

Yuan strengthens to a 4-month high on optimism over prospects of China’s post-Covid economic recovery

The yuan hit a four-month high against the dollar on the first trading day of 2023, with the PBOC setting its midpoint 171 pips firmer than the prior fix. Onshore spot opened at 6.9200 and traded as strong as 6.8785.

The move follows a 7.9% annual loss in 2022, the largest since 1994.

WAAROM HET ER TOE DOET

A firmer yuan on reopening optimism signals stronger expected Chinese demand and lower dollar pressure on import costs. USD/CNY is moving lower.

BETREFTChinese yuan (CNY per USD)▼

BRON
scmp.comReuters3 jan 2023

Koersreactie & historie

Chinese yuan (CNY per USD)▼neerwaartsTOT NU TOE1d +0,2%5d -1,8%20d -2,1%

Na 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.

21 jul 2023China’s yuan: will economic recovery lift currency out of the jungle after Fed effect fades? | South China Morning Post-0,0%
20 jun 2016Chinese yuan strengthens ahead of Brexit vote | South China Morning Post+0,5%
5 dec 2022China’s yuan strengthens past 7 per US dollar amid easing of coronavirus curbs | South China Morning Post-0,9%
14 jan 2020China's yuan strengthens to 5-month high - Chinadaily.com.cn+0,2%
26 dec 2017China's yuan strengthens to more than 3-month high - Chinadaily.com.cn-1,3%

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.

Gekoppelde prijsbewegingen

Chinese yuan (CNY per USD)-2,0%5 perioden tot 10 jan 2023-2,8σ
Yuan hit a four-month high on the first trading day on post-Covid recovery optimism with a firmer PBOC fix, starting the window's appreciation.

Chinese yuan (CNY per USD) USDCNY · GP ▸

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