◂ Gebeurtenissenverloop

28 feb 2025MACROChina

Exclusive: Chinese banks heed PBOC call to cut dollar deposit rates, say sources

Chinese banks are cutting interest rates on US dollar deposits after being asked to do so by the central bank. Sources say the aim is to curb dollar hoarding and support a weakening yuan.

The report is based on sources and is not an official announcement.

WAAROM HET ER TOE DOET

Currency-defense measures like this signal Beijing's effort to stabilize the yuan, which supports Chinese import demand for dollar-priced commodities. The direct effect on feed prices is small.

BETREFTChinese yuan (CNY per USD)▼

BRON
reuters.com28 feb 2025

Koersreactie & historie

Chinese yuan (CNY per USD)▼neerwaartsTOT NU TOE1d -0,0%5d -0,5%20d -0,3%

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.

20 jul 2023Exclusive: China's state banks selling dollars offshore to slow yuan declines, sources say-1,0%
5 jan 2024Exclusive: China's state banks act to stem yuan slide onshore and offshore -sources+0,1%
25 jul 2023China state banks seen selling US dollars to prop up yuan -sources-0,6%
30 aug 2024China state banks buying dollars amid rapid yuan gains, sources say | Reuters-0,1%
6 dec 2023China state banks selling dollars for second day to support yuan - sources+0,4%

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.

Chinese yuan (CNY per USD) USDCNY · GP ▸

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