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Traders and fund managers expect the yuan to be volatile in 2019 despite a strong start to the year. The currency fell 0.17% to 6.7892 per dollar on January 21 after its first weekly decline in five weeks.
Analysts cite a narrowing current account surplus and a slowing economy as reasons the currency could weaken.
Expected yuan volatility adds uncertainty to the cost of dollar-priced Chinese feed imports, but the article gives no clear directional signal for feed prices.
scmp.comKaren YeungJan 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.
