Laden…
The yuan bounced from a five-month low against the dollar after the PBOC pledged to prevent large currency fluctuations. Major state banks had been swapping yuan for dollars to manage the decline, and traders expect the currency to stay weak near the 7-per-dollar level.
Seasonal dividend payments were noted as a source of dollar demand.
Central bank action to slow yuan depreciation reduces the risk of a sudden spike in China's dollar-denominated import costs. Feed buyers should still expect the yuan to remain on the weaker side in the near term.
financialpost.comReuters22 mei 2023Na 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.
