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According to Goldman Sachs, China's central bank changed its yuan fixing mechanism after the US presidential election to support a stronger currency. The move was made as capital outflows grew and President-elect Trump threatened protectionist trade policies.
A deliberate change in fixing practice signals state intervention to stabilize the yuan, which reduces the odds of a sharp devaluation that would hit Chinese import demand. Trade-policy threats also keep US-China export flows uncertain.
bloomberg.comYe Xie09.01.2017Nach 50 vergangenen Ereignisse (bearisch, Politik) bewegte sich Chinesischer Yuan (CNY pro USD) im Median über 5 Handelstage um -0,1 % (46% höher; mittlere Hälfte -0,4 % bis +0,4 %) und über 20 Handelstage um -0,0 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Goldman noted the PBOC fixing mechanism was geared toward a stronger currency, a policy signal that anchored yuan strength.
