China’s central bank is stuck in a policy dilemma

Tras 398 eventos alcista de macro pasados, Yuan chino (CNY por USD) se movió una mediana de +0,0 % en 5 sesiones (56% al alza; mitad central entre -0,3 % y +0,5 %), y +0,0 % en 20.

• 5 ago 2019China's central bank denies devaluation is to counter tariffs+1,8 %
• 24 ene 2024Instant view: China central bank acts to support markets, economy+0,0 %
• 28 jun 2024China’s central bank puts the yuan’s exchange-rate swings in crosshairs | South China Morning Post-0,0 %
• 11 ene 2018One way or another: China's yuan policy tweak a warning shot in old battle-1,4 %
• 25 jul 2024China central bank surprises by lending again at lower rates | Reuters-0,6 %

Tras 273 eventos bajista de macro pasados, Soja se movió una mediana de -0,4 % en 5 sesiones (44% al alza; mitad central entre -2,4 % y +1,4 %), y -0,5 % en 20.

• 23 may 2024China Allows Yuan to Drop as Outflows, Dollar Test Central Bank’s Grip - Caixin Global-2,9 %
• 11 jun 2019Why ‘cracking seven’ is a big deal for China’s currency+6,3 %
• 9 jun 2019China Central Banker Says No Specific Yuan Level Important - Bloomberg+4,7 %
• 30 ago 2018Macroscope | China’s yuan sinks, but neither its central bank nor investors are showing signs of panic | South China Morning Post+0,4 %
• 4 mar 2020Brazil central bank to intervene in FX swaps market on Thursday-2,2 %