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Beijing responded to Moody's downgrade by calling its analysis flawed, and Moody's said another cut is possible without progress on debt. The reaction comes as China seeks more foreign capital through MSCI inclusion and bond market opening.
The dispute raises questions about China's debt risks and foreign investment flows, which affect the yuan and broader macro sentiment. It has little direct effect on feed commodity prices.
businessdailyafrica.comREUTERSMay 26, 2017After 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.
