
Former People's Bank of China Monetary Policy Committee member Yu Yongding said China will keep facing capital outflow and currency depreciation pressure in 2017. He was quoted by the Economic Information Daily, and his remarks suggest Beijing cannot let the yuan fall more than about 25 percent.
Persistent capital outflows and a weaker yuan raise China's import costs in dollars and tighten the outlook for Chinese feed demand. A firm policy floor on the yuan limits how far the currency channel can pressure dollar-denominated commodity prices.
Na 398 eerdere opwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan +0,0% over 5 sessies (56% hoger; middelste helft -0,3% tot +0,5%), en +0,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.