◂ Gebeurtenissenverloop

17 jun 2024MACROChina

Asia FX Talking: China to continue resisting a weaker renminbi

ING expects limited upside for USD/CNY and says Chinese authorities will avoid a competitive devaluation. It forecasts USD/CNY at 7.25 in one month and 7.00 in twelve months, and says the PBOC has held off on rate cuts this year to support the renminbi.

WAAROM HET ER TOE DOET

The forecast of a stable to firmer yuan over the coming year suggests China's dollar-priced import costs will not rise sharply, which keeps feed demand steady.

BETREFTChinese yuan (CNY per USD)◆

BRON
think.ing.comMin Joo Kang, Lynn Song, Nicholas Mapa17 jun 2024

Koersreactie & historie

Chinese yuan (CNY per USD)◆neutraalTOT NU TOE1d +0,0%5d +0,0%20d +0,2%

Na 169 eerdere neutraal macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan +0,0% over 5 sessies (50% hoger; middelste helft -0,3% tot +0,2%), en -0,0% over 20.

14 nov 2024Asia FX Talking: China will try to hold the line | articles | ING THINK+0,3%
15 nov 2023Asia FX Outlook 2024: Event risk could dominate | articles | ING THINK-1,6%
22 feb 2024China’s ‘renminbi trap’: The economy needs a weaker currency, but Beijing is unable to act | Chatham House – International Affairs Think Tank+0,1%
16 okt 2023What’s driving the renminbi in China? | Oxford Economics+0,1%
25 mrt 2019China: How opening up the financial sector could affect the yuan | articles | ING THINK-0,1%

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.

Chinese yuan (CNY per USD) USDCNY · GP ▸

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