Loading…
Commerzbank economists argue bearish pressure is building on the yuan due to governance and reputational risks tied to China's political system and COVID strategy. They say free-flowing export revenue currently supports the currency, but this could fade if global durable goods demand normalises or the West enters recession.
A weaker yuan could raise China's dollar-denominated import costs for feed ingredients over time, but this is an analyst view on future currency risk with no immediate price effect.
octaafrica.netJul 18, 2022After 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.
