Laden…
Yicai Global reports that financial institutions expect the yuan to appreciate to between 6.7 and 6.8 per dollar in 2023. Barclays and Guotai Junan see 6.7 by year-end as the dollar weakens.
China's easing of Covid travel restrictions from January 8 is expected to support overseas fund inflows.
Expected yuan appreciation and a softer dollar would lower the dollar cost of Chinese feed imports. The forecasts point to a lower USD/CNY rate.
yicaiglobal.comZhou Ailin5 jan 2023Na 362 eerdere neerwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan -0,1% over 5 sessies (42% hoger; middelste helft -0,4% tot +0,1%), en -0,2% 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.
Forecasts of yuan appreciation to 6.7-6.8 and expected inflows after travel easing reinforced bullish yuan sentiment.
