Cargando…
The Fed raised rates 50 basis points to a 0.75 to 1 percent target range, its sharpest hike in over two decades, with more tightening expected. Analysts warn capital will flow back to the US and pressure the yuan, while the PBOC kept its policy rate unchanged and lifted the yuan midpoint.
Capital outflows and yuan depreciation weigh on Chinese feed demand purchasing power, and a firmer dollar tends to pressure dollar-priced grain and meal values.
scmp.comFrank Tang5 may 2022Tras 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.
Tras 2356 eventos alcista de macro pasados, Dólar estadounidense (amplio) se movió una mediana de +0,2 % en 5 sesiones (60% al alza; mitad central entre -0,3 % y +0,7 %), y +0,4 % 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.
The Fed's 50bp hike on May 4 and signals of further tightening widened the policy divergence with the PBOC, pushing capital toward USD assets and weakening CNY.
The Fed's 50bp hike and expectations of more tightening widen policy divergence with the PBOC, driving capital outflow and dollar strength that pressure the yuan.
The Fed's 50bp hike and expected further tightening widen the rate differential and encourage capital outflows, which pressure the yuan, though it predates the move by a few days.
