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The dollar weakened after US consumer price inflation for October came in below forecasts at 7.7% year-on-year. The yuan jumped after Chinese health authorities eased quarantine rules for close contacts and inbound travelers.
A softer dollar and easing of China's zero-COVID rules reduce pressure on emerging-market currencies and improve Chinese buying power for dollar-priced commodities.
financialpost.comReuters11 nov 2022Na 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.
Na 1.637 eerdere neerwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan -0,2% over 5 sessies (39% hoger; middelste helft -0,6% tot +0,3%), 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.
Below-forecast US inflation weakened the dollar and the COVID protocol easing lifted the yuan sharply, the main single-day driver of the decline in USD/CNY.
Below-forecast US inflation weakened the dollar and the COVID quarantine easing triggered a yuan jump on Nov 11, the main leg of the move.
The dollar weakened on soft CPI while the yuan jumped on eased Chinese COVID rules, adding to risk-on dollar selling.
