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Chinese analysts said on August 9 that the yuan's rise against the dollar would likely slow in the second half of 2021. They cited softer economic recovery, a narrowing trade surplus, and Delta-related lockdowns.
The central parity rate was 6.4840 per dollar that day.
A slower yuan appreciation keeps China's dollar-priced feed import costs relatively higher than under a stronger currency. The outlook points to a softer demand backdrop for imports.
chinadaily.com.cnCHEN JIAAug 9, 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.
