Loading…
The yuan showed signs overnight of reversing months of strength against the US dollar, according to a Barron's report dated September 8, 2017. The article's visible text is largely paywall content and includes no detail on the cause of the move.
A reversal in the yuan would shift the cost of dollar-priced imports for China, but the move is small and the cause is unclear.
barrons.comDimitra DeFotisSep 8, 2017After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), 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.
