Laden…
The yuan slipped to a one-year low against the dollar as strict Covid lockdowns were reported in parts of Beijing, Shanghai and other cities. The currency had suffered its worst week in seven years, and the PBOC set its midpoint at 6.4909.
Lockdowns raise the risk of supply chain disruption and weaker Chinese demand for feed inputs. A falling yuan makes dollar-priced imports more expensive for Chinese buyers.
asiafinancial.comJim Pollard25 apr 2022Na 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.
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.
Yuan hit one-year lows amid Beijing and Shanghai lockdowns and its worst week in seven years, reflecting sentiment-driven depreciation within the window.
On 2022-04-25 the yuan hit one-year lows on reported Covid lockdowns in Beijing and Shanghai, directly pushing USD/CNY higher.
