
The offshore yuan jumped as much as 0.8% to 6.7677 per dollar, its strongest since November 4, after funding costs surged. The move followed a surprise Moody's sovereign rating downgrade a week earlier.
Traders attributed the rally to a short squeeze and suspected central bank support.
A sharp yuan rally after a rating cut signals currency-market volatility that can shift Chinese import costs, though its direct effect on feed commodity prices is limited.
過去の弱気なマクロイベント362件の後、中国人民元(1 USDあたりCNY) は5営業日で中央値 -0.1% 動き(42% が上昇。中央50%は -0.4% から +0.1%)、20営業日では -0.2% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Offshore yuan jumped as much as 0.8% on 2017-05-31 from a short squeeze and suspected PBOC support, directly matching the sharp one-day drop in CNY per USD (yuan strengthening).
The offshore yuan surged as funding costs spiked and shorts were squeezed, directly driving a sharp drop in CNY per USD.