◂ Event Timeline

Oct 22, 2019MACROChina

Yuan set to stay above 7 even if the US and China hammer out a trade deal - Nomura expert: Analytics and Market news from 22 October 2019 07:59

Teletrade republishes the Nomura analysis that the yuan will stay above 7 per dollar in a narrow range of 7.0750 plus or minus 0.50% until November 16. Oakley said a move toward 7.00 is possible if a deal is signed in Chile.

WHY IT MATTERS

A stable-to-firmer yuan around 7.00 would ease the cost of US commodities for Chinese buyers if phase one is signed. The outlook is mainly relevant to currency-linked import costs.

AFFECTSChinese Yuan (CNY per USD)◆

SOURCE
teletrade.orgOct 22, 2019

Price reaction & history

Chinese Yuan (CNY per USD)◆neutralSO FAR1d +0.0%5d -0.1%20d -0.7%

After 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.

Dec 24, 2018China to keep yuan currency from sliding below 7 to the US dollar as part of trade war deal, analysts said | South China Morning Post-0.7%
Apr 12, 2018Analysis | Why devaluing the yuan is a no-no for China amid US trade war fears | South China Morning Post+0.1%
Jan 26, 2021Chinese Yuan Outlook: Tightening Measures From China’s Central Bank Sends A Warning Shot To Risk Markets-0.2%
Oct 22, 2019Impact of US-China partial trade deal on Chinese yuan (RMB)-0.1%
Aug 17, 2017Markets still bewildered after China central bank explains yuan 'X'-factor - The Business Times-0.5%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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