Memuat…
The PBoC cut its one-year and five-year loan prime rates by 10 basis points, matching market expectations. USD/CNH rose toward 7.1800 for a third straight day, while the Fed's hawkish bias after the US Juneteenth holiday supported the dollar.
Lower Chinese lending rates widen the US-China rate gap, which pressures the yuan and supports USD/CNH. A weaker yuan can dampen Chinese import purchasing power for feed inputs at the margin.
teletrade.org20 Jun 2023Setelah 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.
The LPR cut combined with the Fed's hawkish bias drove USD/CNH higher toward 7.18, which directly explains the 1-day yuan depreciation.
