◂ Gebeurtenissenverloop

20 feb 2024MACROChina

Onshore yuan trades at its weakest against dollar since November last year

The onshore yuan fell to its weakest level against the dollar since November 20, 2023, after the PBOC cut the five-year loan prime rate from 4.20% to 3.95%. The article says the central bank is worried about capital outflows and a run on the currency.

WAAROM HET ER TOE DOET

A weaker yuan raises the cost of dollar-priced imports for China and can reduce its appetite for US feed grains and meal. Concern about capital flight suggests continued pressure on the currency.

BETREFTChinese yuan (CNY per USD)▲

BRON
investinglive.comEamonn Sheridan20 feb 2024

Koersreactie & historie

Chinese yuan (CNY per USD)▲opwaartsTOT NU TOE1d -0,0%5d +0,1%20d +0,1%

Na 398 eerdere opwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan +0,0% over 5 sessies (56% hoger; middelste helft -0,3% tot +0,5%), en +0,0% over 20.

18 mei 2019Onshore Yuan Breaks 6.9 Against U.S. Dollar as Trade War Intensifies - Caixin Global-0,3%
29 okt 2018China's yuan finishes onshore trading at weakest since 2008 By Reuters-0,8%
5 aug 2019Yuan sinks past seven against the dollar to over decade low+1,8%
1 jul 2024China Loosens Grip on Yuan With Weakest Fixing Since November+0,0%
13 okt 2016Dollar stalls, yuan hits 6-year low on Chinese trade dip+0,3%

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.

Chinese yuan (CNY per USD) USDCNY · GP ▸

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