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An SCMP columnist argues that Beijing may allow a de facto strong yuan to counter US currency manipulation claims. He also suggests the US could pursue a weak dollar policy and notes the PBOC governor said current interest rates are appropriate.
A firmer yuan would make Chinese import purchases of US farm goods cheaper in dollar terms, but this is an opinion piece on possible future policy rather than a confirmed move.
scmp.comJul 31, 2019After 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.
