
China's central bank will use FX intervention and monetary tools to keep the yuan from weakening past 7 per dollar in the near term, according to three people familiar with its thinking. Sharp yuan falls are unwelcome because they could fuel capital flight.
The yuan had weakened about 3% in the prior month after fading hopes for a trade deal.
Official defense of the 7 level limits downside in the yuan, which caps the tariff offset for Chinese importers and supports stable purchasing costs for US feed commodities.
Setelah 50 peristiwa kebijakan bearish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,1% selama 5 sesi (46% lebih tinggi; separuh tengah -0,4% sampai +0,4%), 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.