The USD/CNY pair rose to 6.6145, its highest level since December 19. The yuan has fallen since the PBOC refrained from raising rates after a Fed hike and cut the reserve requirement ratio for some banks.
Analysts see the central bank increasingly favoring a weaker currency to cushion the impact of Trump's trade measures.
A weaker yuan raises the cost of dollar-priced US farm imports for China, potentially reducing purchases of soybeans and feed ingredients. The currency move is a signal of trade-war pressure on Chinese import demand.
Após 398 eventos altista de macro passados, Yuan chinês (CNY por USD) subiu em mediana +0,0% em 5 sessões (56% de alta; metade central de -0,3% a +0,5%), e +0,0% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
USD/CNY rose to its highest since December as the PBOC did not follow the Fed's hike and cut the reserve requirement ratio, a policy divergence that weakened the yuan.