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The IMF's China mission chief said the yuan remains fairly valued despite its recent slide against the dollar. He attributed the moves to normal flexible exchange-rate behavior, a wider policy divergence with the US, and slowing growth in China.
An IMF view that the currency is not misaligned suggests limited pressure for a sharp further decline, which may limit the currency's added support to Chinese demand for US feed ingredients.
cnbc.comHuileng TanJul 27, 2018After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), 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.
