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The Financial News, a newspaper co-founded by the People's Bank of China, warned in a commentary that shrinking yield advantages, a stronger dollar, a narrowing trade surplus and global uncertainty could push the yuan lower in 2022. The piece is an opinion commentary rather than a policy action.
Expected yuan weakness raises the dollar cost of Chinese imports of feed ingredients, a modest negative for demand and for US export prices if sustained.
reuters.comJan 5, 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.
