Memuat…
A Michael Pettis analysis argues that Beijing may use renminbi depreciation as one of its few responses to US trade threats. The RMB has fallen about 4% against the dollar in two weeks.
The report concludes that sustained depreciation would damage China's economy more than the US, so a prolonged slide is unlikely.
The view that China will limit yuan weakness suggests the currency may not keep eroding Chinese import purchasing power for US feed ingredients. This makes a sharp, lasting drop in the yuan less likely to drive further price pressure.
globalsourcepartners.comMichael Pettis28 Jun 2018Setelah 169 peristiwa makro netral sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -0,3% sampai +0,2%), 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.
