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The author argues that a resumed US-China trade war would likely prompt Beijing to weaken the renminbi, as it did in the past 18 months. The PBoC's daily fixing sets the midpoint of a band around spot, and the central bank intervenes when spot reaches either edge of the band.
A deliberately weaker renminbi would make Chinese exports more competitive and raise the cost of dollar-priced commodity imports. That combination could reduce China's demand for US farm goods while supporting its export sectors.
thearmchairtrader.comOlivier Desbarres28 may 2020Tras 14 eventos alcista de geopolítica pasados, Yuan chino (CNY por USD) se movió una mediana de -0,0 % en 5 sesiones (36% al alza; mitad central entre -0,4 % y +0,2 %), y -0,5 % 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.
