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Analysts said the yuan's next move may depend on President-elect Trump's first press conference since July, scheduled for January 11. Trump had vowed to label China a currency manipulator and threatened tariffs of up to 45 percent on Chinese exports to the US.
The yuan had fallen to near eight-year lows after the election, mainly because of dollar strength.
Possible tariffs and currency-manipulation accusations would disrupt US-China trade flows, including agricultural purchases. Dollar strength and yuan weakness together raise the cost of dollar-priced commodities for Chinese buyers.
cnbc.comLeslie Shaffer11 jan 2017Na 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.
Na 2.356 eerdere opwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan +0,2% over 5 sessies (60% hoger; middelste helft -0,3% tot +0,7%), en +0,4% 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.
Trump's January 11 press conference was a key event risk, and a weaker dollar after it plausibly drove the 1-day yuan gain.
