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A Bloomberg poll of 24 financial institutions found most respondents believe China could loosen its tight grip on the yuan without triggering a sustained market disruption, though they see only a limited chance of such a move. Respondents expect the PBOC to keep prioritizing stability and prevent a sharp decline even if the Fed delays rate cuts.
Expectations of a stable managed yuan limit the risk of a sudden currency shock that would disrupt Chinese feed import purchasing. The survey points to steady rather than sharply weaker Chinese import capacity for feed commodities.
businesstimes.com.sgJul 9, 2024After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), 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.
