Westpac analysts note the yuan had followed a clear appreciation trend from August 2017 until mid-June 2018, then reversed. Since June 12, nearly all G10 currencies fell against the dollar, and the yuan was among the weakest in Asia at about -3.2%.
The analysts doubt China views a weaker yuan as a deliberate policy tool in the trade fight.
The broad dollar strength and yuan weakness pressure commodity-linked currencies and raise the dollar cost of Chinese imports, a modest headwind for US feed exports. The analysts' view that the yuan slide is not a deliberate policy tool limits the expected scale of the price effect.
과거 상승 거시 이벤트 398건 이후, 중국 위안 (USD당 CNY)은 5거래일 동안 중앙값 +0.0% 변동(상승 56%; 중간 50% 범위 -0.3%~+0.5%), 20거래일 동안 +0.0%.
과거 비교 가능한 이벤트가 아직 부족해 이력 분석을 할 수 없습니다.
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.
Westpac analysis documents the reversal of the yuan's appreciation trend and its roughly 3% drop since mid-June, confirming the move within the window, though it gives limited causal detail.