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Experts expect the yuan to stay stable and rise steadily in the second half of 2020 after fluctuating around 7 per dollar. The view cites market reform and economic fundamentals.
A steadily firmer yuan would gradually lower the cost of US farm imports for China, a mild supportive factor for export demand.
en.imsilkroad.comJul 31, 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.
