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Analysts are urging China to learn from the 1985 Plaza Accord, under which Japan agreed to a currency deal with the US that is blamed for contributing to its lost decade. The comparison is being drawn because the US has reportedly demanded China limit yuan depreciation in a trade agreement.
Whether a currency clause is included in a US-China deal affects how durable Chinese purchase commitments for US farm goods will be.
scmp.comKaren YeungFeb 26, 2019After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% 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.
