The yuan closed at a two-week high of 6.5684 per dollar on Dec 2, 2020, as the dollar hovered near a 2.5-year low. Gains were capped after President-elect Biden said he would not immediately cancel the Phase 1 trade deal or remove tariffs on Chinese goods.
The PBOC lifted its midpoint rate by the most in nearly a month.
Signals that the Phase 1 purchase commitments and tariffs will stay in place support expectations for continued US farm export flows to China. A weaker dollar also makes dollar-priced grains cheaper for Chinese buyers.
Setelah 362 peristiwa makro bearish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,1% selama 5 sesi (42% lebih tinggi; separuh tengah -0,4% sampai +0,1%), dan -0,2% 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.