
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.
Após 169 eventos neutro de macro passados, Yuan chinês (CNY por USD) subiu em mediana +0,0% em 5 sessões (50% de alta; metade central de -0,3% a +0,2%), e -0,0% em 20.
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