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Fitch Ratings expects the yuan to weaken in 2022 as external demand for Chinese goods softens and US-China monetary policy diverges. It estimates the dollar-yuan rate will reach 6.7 by the end of next year, from 6.37 on December 21.
A weaker yuan would raise China's dollar-denominated feed import costs, which could dampen Chinese buying of US and Brazilian soy and meal. The forecast is a rating-agency view rather than a near-term shock.
haberintelifi.aa.com.trOvunc KutluDec 21, 2021After 398 past bullish macro events, USDCNY 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.
