Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
17 November 2022 | Other

Chinese yuan is getting weaker because of new COVID cases leading to worries about lockdowns

USDCNY

In China, in the southern province of Guangdong, the incidence of COVID-19 is on the rise. As a result, on Thursday, the yuan fell to its minimum for almost a week and worries about a return to broader quarantine measures appeared.

The rising number of cases is forcing China to keep its strict policy on restrictions regarding COVID. As a consequence, in the beginning of this week the yuan exchange rate increased to its maximum in almost two months.

A report by Maybank analyst Saktiandi Supaat indicates that authorities are likely to bring back broader quarantine measures because of fears about an increase in COVID-19 cases.

Company MarketCheese

Recommended

China. Industrial Production (YoY). The value of the indicator has decreased from 6.3% to 5.7%
16 April
European Union. CPI (MoM). The value of the indicator has decreased from 1.3% to 1%
Today at 9:01 AM
European Union. GDP (QoQ). The value of the indicator has decreased from 0.2% to 0.1%
Today at 9:01 AM
European Union. GDP (YoY). The value of the indicator has decreased from 1.2% to 0.8%
Today at 9:01 AM
European Union. Unemployment Rate. The value of the indicator has decreased from 6.3% to 6.2%
Today at 9:01 AM
Top news
European Union. CPI (MoM). The value of the indicator has decreased from 1.3% to 1%
Today at 9:01 AM
European Union. GDP (QoQ). The value of the indicator has decreased from 0.2% to 0.1%
Today at 9:01 AM
European Union. Unemployment Rate. The value of the indicator has decreased from 6.3% to 6.2%
Today at 9:01 AM
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
Yesterday at 6:00 PM
Canada. BoC Interest Rate Decision. The value of the indicator remained at the same level of 2.25%
Yesterday at 1:45 PM
All news

Forecasts

S&P 500 buy
Period: 14.05.2026 Expectation: 6400 pips
SPX bulls target $7,200
Indicators and reports FA Other Hot news Chart analysis
Today at 10:48 AM 16
Sinclair_John
ETHUSD buy
Period: 07.05.2026 Expectation: 103 pips
Invest in ETHUSD with $2,350 target if key support holds post-correction
FA Other Technical analysis Chart analysis Indicators Fundamental analysis
Today at 09:32 AM 18
Lyra_Moonwell1
Gold buy
Period: 14.05.2026 Expectation: 190 pips
Go long on gold with $4,750 in sight
Indicators and reports FA Other Hot news Chart analysis Indicators
Today at 08:42 AM 15
Reed_Marcus
USDJPY buy
Period: 07.05.2026 Expectation: 1300 pips
Buying USDJPY with 162.000 target as BOJ offers yen no lifeline
Indicators and reports Technical analysis Hot news Indicators Fundamental analysis
Today at 08:23 AM 13
Emily_Foster
AUDCAD buy
Period: 31.05.2026 Expectation: 1000 pips
Go long on AUDCAD toward 0.9900
FA Other TA Other
Today at 07:52 AM 10
McCarthy_Raymond
Brent buy
Period: 31.05.2026 Expectation: 500 pips
Buy Brent crude up to $115.0
FA Other TA Other
Today at 07:52 AM 15
Bruce_Powers
Go to forecasts