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The yuan reached a three-year high against the dollar this week and gained 0.93% since Friday's close. Analysts expect the currency to stay strong because the PBOC has not shown concern about its pace and the dollar's weakness looks set to continue.
Liu He and Katherine Tai also held their first call since Biden took office.
A strong yuan with a weak dollar lowers China's cost of dollar-priced commodity imports, which can support demand for grains and oilseeds. The renewed US-China trade talks add some support for purchase commitments.
caixinglobal.com28.05.2021Nach 362 vergangenen Ereignisse (bearisch, Makro) bewegte sich Chinesischer Yuan (CNY pro USD) im Median über 5 Handelstage um -0,1 % (42% höher; mittlere Hälfte -0,4 % bis +0,1 %) und über 20 Handelstage um -0,2 %.
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.
