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 5.7% to 4.1%
18 May
United States. CFTC Copper speculative net positions. The value of the indicator has decreased from 75.9K to 73K
Yesterday at 7:30 PM
United States. CFTC Aluminium speculative net positions. The value of the indicator has decreased from 0.5K to 0.3K
Yesterday at 7:30 PM
United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 172.6K to 161K
Yesterday at 7:30 PM
Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from 85.6K to 60.2K
Yesterday at 7:30 PM
Top news
United States. PCE price index (YoY). The value of the indicator has increased from 3.5% to 3.8%
28 May
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 3.2% to 3.3%
28 May
United States. GDP (QoQ). The value of the indicator has decreased from 2% to 1.6%
28 May
European Union. Manufacturing PMI. The value of the indicator has decreased from 52.2 to 51.4
21 May
European Union. CPI (MoM). The value of the indicator remained at the same level of 1%
20 May
All news

Forecasts

AUDCAD buy
Period: 29.06.2026 Expectation: 730 pips
Invest in AUDCAD with 0.99500 target
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 11:28 AM 33
Reed_Marcus
GBPUSD buy
Period: 05.06.2026 Expectation: 1525 pips
GBPUSD may find its footing as selling storm subsides
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 11:07 AM 25
Lyra_Moonwell1
Brent sell
Period: 05.06.2026 Expectation: 700 pips
Brent crude loses ground amid looming US-Iran peace deal
Technical analysis Indicators and reports Indicators Hot news Fundamental analysis
Yesterday at 11:05 AM 21
Emily_Foster
USDCAD buy
Period: 29.06.2026 Expectation: 1650 pips
Buying USDCAD with 1.39500 in view
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 10:45 AM 16
Sinclair_John
Gold sell
Period: 28.06.2026 Expectation: 400 pips
Selling gold upon breaking below support
Indicators and reports FA Other Hot news Chart analysis
28 May 2026 103
Sinclair_John
USDJPY buy
Period: 31.08.2026 Expectation: 5000 pips
Invest in USDJPY from 155.00
TA Other FA Other
28 May 2026 39
McCarthy_Raymond
Go to forecasts