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A Reuters poll found that bearish bets against the yuan fell to a three-month low after Beijing clamped down on capital outflows and speculators. Emerging Asian currency sentiment improved as the US dollar lost some momentum after a months-long rally.
Most analysts still expected further yuan depreciation later in the year.
Improved sentiment reduces near-term pressure on Asian currencies and on the costs of dollar-priced feed imports. The poll reflects positioning rather than a fundamental shift in the currency outlook.
business-standard.comReutersJan 12, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Published on the move date, it shows yuan bearish bets at a three-month low after Beijing's clampdown on outflows and speculators, with a softer dollar, consistent with CNY per USD falling.
Bearish yuan bets fell to a three-month low after the clampdown on outflows and speculators, reflecting sentiment that supported the yuan within the window.
