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Allan von Mehren, ranked by Bloomberg as the most accurate yuan forecaster, expects the yuan to fall to 7.26 per dollar by the end of September. That implies a 5 percent drop from current levels.
His forecast is more pessimistic than the median estimate.
A forecast of a weaker yuan implies higher dollar costs for Chinese buyers of imported feed ingredients, although forecasts do not guarantee actual moves.
bloomberg.comBloomberg NewsJan 16, 2017After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
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.
