◂ Gebeurtenissenverloop

13 mei 2022MACROChina

China’s currency just had its worst month ever. It’s still dropping

China's yuan has had its worst month on record amid investor money leaving the country. Concerns over rising COVID lockdowns in major cities, along with fallout from Russia's invasion of Ukraine, are driving the outflows.

WAAROM HET ER TOE DOET

A weaker yuan raises the cost of imported feed inputs priced in dollars for Chinese buyers, while cutting demand for overseas products priced in dollars. A falling yuan therefore tends to lift USD/CNY and weigh on China's feed import demand.

BETREFTChinese yuan (CNY per USD)▲

BRON
cnn.comLaura He13 mei 2022

Koersreactie & historie

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

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.

31 mrt 2021China’s currency set for worst month since US trade war-0,5%
26 okt 2018China says it will do battle with speculators betting against its currency-0,4%
29 dec 2016What Is China Trying to Do With Its Currency? - WSJ-1,0%
11 jun 2019Why ‘cracking seven’ is a big deal for China’s currency-0,1%
9 jan 2018China Changes the Way It Manages Yuan After Currency's Jump - Bloomberg-0,9%

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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