The data published regarding CNY New Loans shows a significant decrease from the previous data, indicating a tightening of credit in China. This could potentially lead to a slowdown in economic growth as businesses and individuals have less access to financing. This could have a ripple effect on global markets, particularly on commodity prices as China is a major consumer of raw materials. Additionally, a slowdown in China's economy could impact other countries that rely on Chinese demand for their exports.
Currency sentiment: Neutral
Sentiment timeframe: Medium term