
ING revised its USD/CNY forecast to 7.0 by the end of 2018, citing new policies that open Chinese markets to foreign investment in sectors including agriculture and those hit by tariffs. ING also reported that China plans to restrict offshore dollar bond issuance to tenors of at least 365 days.
ING sees these steps as signals that authorities are increasingly prepared for a weaker yuan.
A weaker yuan forecast raises the dollar cost of US farm imports for China, which can reduce purchasing of soybeans and feed ingredients. Opening agriculture to foreign investment could over time affect China's domestic feed supply and import needs.
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.