Loading…
Former regulator Guan wrote that the yuan faces downward pressure from a stronger dollar index, a shrinking US-China yield spread and slowing growth differentials. He suggested China could take further steps to rein in the currency.
Expected yuan weakness would make dollar-priced feed imports costlier for Chinese buyers, though the view is a commentary, not a policy action.
reuters.comFeb 7, 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.
