
Former People's Bank of China Monetary Policy Committee member Yu Yongding said China will keep facing capital outflow and currency depreciation pressure in 2017. He was quoted by the Economic Information Daily, and his remarks suggest Beijing cannot let the yuan fall more than about 25 percent.
Persistent capital outflows and a weaker yuan raise China's import costs in dollars and tighten the outlook for Chinese feed demand. A firm policy floor on the yuan limits how far the currency channel can pressure dollar-denominated commodity prices.
Setelah 398 peristiwa makro bullish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median +0,0% selama 5 sesi (56% lebih tinggi; separuh tengah -0,3% sampai +0,5%), dan +0,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.