A commentary co-authored by a former PBOC official argues that keeping the yuan basically stable is crucial, since devaluation would give only short-term export gains without improving competitiveness. It also notes that net exports were a negative contributor to GDP last year.
A stable yuan limits the risk of a sharp currency-driven drop in Chinese import demand for US and Brazilian feed commodities.
Tras 169 eventos neutral de macro pasados, Yuan chino (CNY por USD) se movió una mediana de +0,0 % en 5 sesiones (50% al alza; mitad central entre -0,3 % y +0,2 %), 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.