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A Sylvia Sheng commentary argues the yuan has lagged the dollar's decline, gaining only 2.5% since late March versus 24% for the Australian dollar. Stronger export and bond demand could lift the currency, while US-China tensions remain a risk.
This is an FX outlook with no direct supply or demand change for feed commodities.
scmp.comSylvia ShengAug 28, 2020After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
