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China's yuan was broadly flat against the dollar on Monday as the central bank cut the reverse repo rate by 20 basis points, following a Politburo pledge to step up economic support. The PBOC set the midpoint at 7.0447 per dollar and spot yuan traded near 7.096.
Expected policy easing and a firmer yuan reduce pressure on Chinese feed demand and import costs, though analysts expect the rate cut could weaken the yuan over time, which would lift the cost of US commodity imports for China.
financialpost.comReuters30 mar 2020Tras 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.
