◂ Gebeurtenissenverloop

30 nov 2022MACROChina

Volatility in yuan spurs bets China will widen its band

The yuan has fallen about 11% against the dollar this year and is heading for its biggest annual drop since 1994. Investors are betting China may widen the currency's tight trading band from 2% to 3% in 2023 after heavy volatility in October.

WAAROM HET ER TOE DOET

Expected band widening would increase currency volatility for Chinese importers, raising hedging costs and adding uncertainty to dollar-denominated feed purchases.

BETREFTChinese yuan (CNY per USD)▲

BRON
businesstimes.com.sg30 nov 2022

Koersreactie & historie

Chinese yuan (CNY per USD)▲opwaartsTOT NU TOE1d -1,0%5d -2,3%20d -2,5%

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.

19 dec 2016China outflows rising in both yuan payments, forex: Goldman Sachs - The Business Times-0,2%
8 mrt 2023China's yuan weakens to 2-month low, with key 7-per-dollar level in sight - The Business Times-1,3%
26 feb 2017China's yuan falls, but fears of US trade war may cap depreciation - The Business Times+0,5%
6 dec 2022Will the Chinese yuan fall with the economy? | IG Bank Switzerland+0,2%
26 okt 2017China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times-0,5%

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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