USDCNY still under bullish pressure. Currently, China has shown signs of implementing a new normal, but its economic growth is not as aggressive as before the pandemic. 13 Chinese cities have been in total lockdown since March, and several others have been in partial lockdown. The Chinese government reported that there were around 15,000 confirmed cases of Covid-19 nationwide in March.
USDCNH D1 - 17th MARCH 2022
Although the current slowdown in China's economy has not had much impact on Indonesia in the short term, However, it must be anticipated in the long term. Especially at this time commodity prices are also experiencing an increase.