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A St. Louis Fed analysis says the yuan gained about 1% between January 3 and January 5, 2017, after more than two years of devaluation. The author links the yuan's decline to falling Chinese growth and interest rate expectations.
The analysis shows the tension between Chinese authorities' desire for a stable yuan and the need to raise rates. Ongoing currency pressure can affect Chinese import demand for feed.
research.stlouisfed.orgMar 3, 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.
