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Standard Chartered strategist Eric Robertsen said keeping the yuan from falling much further would be difficult for Chinese policymakers. He expected the dollar/yuan pair to rise to around 7.06 this year.
Onshore and offshore yuan rates diverged during the volatility.
Expected yuan weakness toward 7.06 would raise China's dollar import costs and could weigh on demand for US commodities. The forecast is analyst commentary and does not reflect a new policy or supply event.
cnbc.comLeslie ShafferJan 10, 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.
