China’s central bank is stuck in a policy dilemma

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.

• 5 Agu 2019China's central bank denies devaluation is to counter tariffs+1,8%
• 24 Jan 2024Instant view: China central bank acts to support markets, economy+0,0%
• 28 Jun 2024China’s central bank puts the yuan’s exchange-rate swings in crosshairs | South China Morning Post-0,0%
• 11 Jan 2018One way or another: China's yuan policy tweak a warning shot in old battle-1,4%
• 25 Jul 2024China central bank surprises by lending again at lower rates | Reuters-0,6%

Setelah 273 peristiwa makro bearish sebelumnya, Kedelai bergerak median -0,4% selama 5 sesi (44% lebih tinggi; separuh tengah -2,4% sampai +1,4%), dan -0,5% selama 20 sesi.

• 23 Mei 2024China Allows Yuan to Drop as Outflows, Dollar Test Central Bank’s Grip - Caixin Global-2,9%
• 11 Jun 2019Why ‘cracking seven’ is a big deal for China’s currency+6,3%
• 9 Jun 2019China Central Banker Says No Specific Yuan Level Important - Bloomberg+4,7%
• 30 Agu 2018Macroscope | China’s yuan sinks, but neither its central bank nor investors are showing signs of panic | South China Morning Post+0,4%
• 4 Mar 2020Brazil central bank to intervene in FX swaps market on Thursday-2,2%