
China's central bank will use FX intervention and monetary tools to keep the yuan from weakening past 7 per dollar in the near term, according to three people familiar with its thinking. Sharp yuan falls are unwelcome because they could fuel capital flight.
The yuan had weakened about 3% in the prior month after fading hopes for a trade deal.
Official defense of the 7 level limits downside in the yuan, which caps the tariff offset for Chinese importers and supports stable purchasing costs for US feed commodities.
Na 50 eerdere neerwaarts beleid-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan -0,1% over 5 sessies (46% hoger; middelste helft -0,4% tot +0,4%), 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.