
Yicai Global reports that financial institutions expect the yuan to appreciate to between 6.7 and 6.8 per dollar in 2023. Barclays and Guotai Junan see 6.7 by year-end as the dollar weakens.
China's easing of Covid travel restrictions from January 8 is expected to support overseas fund inflows.
Expected yuan appreciation and a softer dollar would lower the dollar cost of Chinese feed imports. The forecasts point to a lower USD/CNY rate.
Tras 362 eventos bajista de macro pasados, Yuan chino (CNY por USD) se movió una mediana de -0,1 % en 5 sesiones (42% al alza; mitad central entre -0,4 % y +0,1 %), y -0,2 % 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.
Forecasts of yuan appreciation to 6.7-6.8 and expected inflows after travel easing reinforced bullish yuan sentiment.