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 increased from 4.5% to 5.3%
15 July
European Union. Retail Sales (YoY). The value of the indicator has decreased from 1.6% to 0.6%
6 August
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.2% to -0.3%
6 August
European Union. PPI (YoY). The value of the indicator has decreased from 5.9% to 4.4%
5 August
European Union. PPI (MoM). The value of the indicator has decreased from 0.2% to -0.3%
5 August
Top news
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0.2% to -0.3%
6 August
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
29 July
United States. Retail Sales (MoM). The value of the indicator has decreased from 1% to 0.2%
16 July
European Union. Trade Balance. The value of the indicator has decreased from -1.2B to -7.8B
16 July
Canada. BoC Interest Rate Decision. The value of the indicator remained at the same level of 2.25%
15 July
All news

Forecasts

USDCAD buy
Period: 28.09.2026 Expectation: 4000 pips
Buy USDCAD while US inflation remains sticky
FA Other Indicators and reports Hot news Chart analysis
Today at 08:07 AM 28
Reed_Marcus
Brent buy
Period: 11.08.2026 Expectation: 740 pips
Go long on Brent crude up to $95
FA Other Indicators and reports Hot news
Today at 06:14 AM 33
Sinclair_John
USDJPY buy
Period: 27.09.2026 Expectation: 4650 pips
Invest in USDJPY up to its all-time high of 164.00
FA Other Indicators and reports Hot news Chart analysis
Yesterday at 10:28 AM 43
Sinclair_John
GBPUSD sell
Period: 30.09.2026 Expectation: 500 pips
Sell ​​GBPUSD down to 1.3540
FA Other Chart analysis
Yesterday at 09:22 AM 22
Bruce_Powers
Gold buy
Period: 10.09.2026 Expectation: 300 pips
Buy gold with $4,900 in sight
FA Other Indicators and reports Hot news Chart analysis
Yesterday at 06:54 AM 40
Reed_Marcus
EURUSD buy
Period: 30.09.2026 Expectation: 250 pips
Buying EURUSD from 1.1650
TA Other FA Other
26 August 2026 33
Bruce_Powers
Go to forecasts