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CNBC reports that Nomura expects the yuan to stay above 7 per dollar even with a partial US-China trade deal, trading in a narrow range until phase one is signed. Analysts said a move below 7 would require serious discussion of eliminating existing tariffs.
Currency expectations tied to the trade deal influence Chinese purchasing power and the timing of US farm export commitments. The outlook points to range-bound conditions rather than a decisive shift in demand.
cnbc.comSaheli Roy ChoudhuryOct 22, 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.
