Loading…
Scotiabank expects the yuan to stay relatively steady in Q2 and to face headwinds in H2 as credit-fuelled growth raises risks. The US Treasury did not label China a currency manipulator but kept it on its monitoring list.
Premier Li Keqiang said the yuan would be kept basically stable.
A steady yuan supports stable Chinese import demand for US feed inputs. Expected H2 weakness would be a modest headwind for those purchases.
econotimes.comFxWirePro TeamApr 20, 2017After 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.
