
Nordea revised its USD/CNY forecast to 7.15 on a three-month horizon, citing elevated coronavirus uncertainty and safe-haven capital flows. The bank expects the direction of the pair to be driven mainly by global risk sentiment.
It also expects the PBoC to keep supporting the yuan through verbal intervention and a stronger daily fixing.
A weaker yuan forecast implies dearer dollar-priced imports for Chinese feed buyers, which could slow purchases of US and Brazilian feed commodities. The impact on prices is modest.
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.
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.