# China faces a rock and a hard place amid yuan volatility

> 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.

- Date: 2017-01-10 · published 2017-01-10T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/10771-china-faces-a-rock-and-a-hard-place-amid-yuan-volatility
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2017/01/09/china-faces-a-rock-and-a-hard-place-amid-yuan-volatility.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.