
Analysts expect China to keep the yuan stronger than 7 per US dollar, a condition they see as part of a trade deal with the United States ahead of a March 1 deadline. The People's Bank of China has intervened successfully to defend that level and has ample tools to continue doing so.
The PBOC let the yuan slide about 12% between late March and October during the trade war.
A firmer yuan reduces Chinese import costs and signals that a trade deal is progressing, which supports Chinese buying of US farm goods. A breakdown in the deal would put pressure on the yuan and on US agricultural export demand.
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.
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.