Loading…
ING analyst Iris Pang comments on remarks by PBOC Governor Yi Gang that China's financial sector can open further. She argues that this likely excludes the capital account for now and that the yuan has tracked the dollar index.
Currency mechanism and capital account changes affect yuan volatility, which influences the cost of Chinese imports of feed commodities.
think.ing.comMar 25, 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.
