Loading…
A survey of 17 traders put the median forecast for the yuan at 7 per dollar by the end of next year. The currency was around 7.09 per dollar at the time, and capital outflows are expected to ease.
A stronger yuan would trim the dollar cost of Chinese imports of feed ingredients, a modest support for import demand.
bloomberg.comBloomberg.comJan 1, 2024After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
