
China's yuan firmed against the US dollar on Tuesday after the central bank set its midpoint fixing at the strongest level in more than two years. The dollar pared some losses after US senators agreed to lift a three-day government shutdown but stayed near a three-year low against a basket of currencies.
The PBOC had recalibrated its daily fixing formula to neutralize a counter-cyclical factor.
A stronger yuan lowers the local-currency cost of dollar-priced imports such as soybeans, which can support Chinese buying. A weaker dollar also tends to firm dollar-denominated commodity prices.
과거 하락 거시 이벤트 362건 이후, 중국 위안 (USD당 CNY)은 5거래일 동안 중앙값 -0.1% 변동(상승 42%; 중간 50% 범위 -0.4%~+0.1%), 20거래일 동안 -0.2%.
과거 하락 거시 이벤트 1,637건 이후, 미국 달러 (광의 지수)은 5거래일 동안 중앙값 -0.2% 변동(상승 39%; 중간 50% 범위 -0.6%~+0.3%), 20거래일 동안 -0.2%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
The strongest fixing in over two years and the PBOC's removal of the counter-cyclical factor began the run of yuan strength that carried into the 25 Jan move, though it predates the day itself.