Loading…
An ING analyst expects the yuan's direction in 2020 to depend mainly on progress in the US-China trade war. The yuan has weakened 2.4% against the dollar year to date and has traded in a wide range.
Currency swings tied to trade talks shape the relative competitiveness of Chinese demand and the cost of US exports. The outlook is largely uncertain for feed-commodity pricing.
think.ing.comNov 28, 2019After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), 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.
