Loading…
Capital Economics expects the renminbi's recent period of calm to end and the currency to depreciate against the US dollar over the next few months. The note was sent to clients of its China service.
A weaker yuan would raise China's local-currency cost of dollar-priced feed imports, potentially dampening purchases of soybeans and meal and pressuring global prices.
capitaleconomics.comJonas GoltermannSep 24, 2021After 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.
