
ING says China has let the yuan weaken slightly in recent weeks, down 0.2% against the dollar in March and 0.3% in April so far. The central bank has kept the currency in a narrow range while emphasizing stability.
ING reads the move as a signal that Beijing's currency policy is independent of US pressure.
A weaker yuan makes Chinese exports cheaper and slightly reduces the appetite for US farm goods priced in dollars. The effect is small, but it shows Beijing is not conceding to Washington on currency.
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.