
The PBOC set its yuan midpoint at 7.2008 per dollar after the national holiday, little changed from Friday. The offshore yuan partly reversed a 1% gain made over the long weekend.
A firm official fix limits how far the yuan can strengthen, which can slow the currency-driven rally in Asian currencies. Less yuan appreciation means less support for Chinese import demand from currency gains.
Setelah 42 peristiwa kebijakan netral sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median -0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -0,3% sampai +0,4%), 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.
The offshore yuan's 1% gain over the long weekend and the PBOC's roughly unchanged midpoint show the catch-up move on May 6 and the official restraint around it.