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The offshore yuan (CNH) traded flat near 7.0284 per dollar despite a dovish Federal Reserve that held rates at 1.5-1.75% and signaled a pause in 2020 cuts. Fears that the US will proceed with planned 15% tariffs on $160 billion of Chinese goods kept investors from buying the yuan.
Tariff fears are limiting yuan strength even as the dollar weakens, which keeps Chinese import demand for US farm goods under pressure. The effect on feed prices is modest without a confirmed tariff decision.
octaafrica.net12 dic 2019Tras 14 eventos neutral de comercio pasados, Yuan chino (CNY por USD) se movió una mediana de +0,0 % en 5 sesiones (57% al alza; mitad central entre -0,2 % y +0,4 %), y -0,1 % 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.
Dated on the move day, it links yuan direction to the dovish Fed and the US tariff deadline on Chinese goods, both sentiment drivers of USD/CNH; yet it describes a flat yuan, not a sharp -0.65% fall in CNY per USD (yuan strengthening), so the fit is partial.
