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Foreign exchange markets are speculating that Beijing may allow the yuan to devalue after months of pressure, with the dollar up about 150 basis points against CNY this year. Reuters reported Chinese firms are hoarding dollars, and Western governments have raised concerns about possible currency manipulation.
China has recently announced large public spending on manufacturing and an export push.
A weaker yuan would make Chinese exports cheaper and could cut the local-currency cost of feed imports, but it would also raise trade tensions that could affect global agricultural trade flows.
disruptionbanking.comHarry Clynch8 may 2024Tras 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.
