◂ Gebeurtenissenverloop

13 jun 2023MACROChina

China cuts key policy rate as post-Covid recovery fizzles; yuan hits 6-month low

The PBOC cut its seven-day reverse repo rate by 10 basis points from 2.0% to 1.9%, its first such move since August. The yuan weakened to 7.1618 per dollar after the move.

Large banks had cut deposit rates the previous week.

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Easier policy is aimed at reviving a faltering recovery that would support Chinese livestock and feed demand, but the weaker yuan raises the dollar cost of imports.

BETREFTChinese yuan (CNY per USD)▲

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cnbc.comJihye Lee13 jun 2023

Koersreactie & historie

Chinese yuan (CNY per USD)▲opwaartsTOT NU TOE1d +0,2%5d +0,5%20d +0,3%

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.

20 feb 2020Yuan falls to over 2-month low as China cuts lending benchmark | Financial Post+0,3%
27 jun 2024China's Yuan Hits Seven-Month Low As Dollar Outflows Persist - Finimize+0,0%
21 apr 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post+2,2%
3 dec 2024China’s yuan hits lowest level in months as Trump tariff threats roil currencies | South China Morning Post-0,2%
28 okt 2021China's yuan briefly crosses key 6.4/dlr level to hit 1-week low | Financial Post+0,2%

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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