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An economist at BOC International said the yuan will be volatile in 2024 and forecast the US dollar index near 100. He linked a stronger yuan to a Federal Reserve rate pivot and to improved Chinese consumption and investment.
He also projected China's 2024 GDP growth at about 4.8%.
Expected Chinese growth and a softer dollar would support demand for imported commodities such as soybeans and meal. The forecast is an outlook rather than a new shock, so the price effect is modest.
mnimarkets.comMNI Editorial 14 ene 2024Tras 169 eventos neutral de macro pasados, Yuan chino (CNY por USD) se movió una mediana de +0,0 % en 5 sesiones (50% al alza; mitad central entre -0,3 % y +0,2 %), y -0,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
