In April, Chinese exports increased by 8.1% year -on -year, reaching 315.7 billion dollars, marking the highest level never registered for the month of April, says Volkmar Baur, FX analyst of Commerzbank.
Depreciation of the unlikely CNY in the coming months
“Therefore, there are no real signs of a slowdown due to reciprocal tariff ASEAN countries increased by 20.8%.
“Certainly, it will take a few months to obtain a clearer image of the impact of US tariffs on Chinese exports. However, for now, the effects seem to be much lower than expected. The persistent commercial surplus should, therefore, continue supporting the currency. A stable growth of exports makes significant depreciation of the CNY less likely in the coming months.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
