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ING expects the yuan to shift from appreciation to mild depreciation until mid-2022 because of Delta-variant pressure and possible PBOC easing. It said the RRR cut and tighter Fed policy create conflicting pressures on markets.
The analysis projects USD/CNY recapturing the 6.50 level.
A weaker yuan raises the cost of dollar-priced feed imports for China and can slow buying. Expected easing could support domestic demand but adds volatility to import costs.
在过去 398 次看涨的宏观事件之后,人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 +0.0%(56% 上涨;中间一半区间为 -0.3% 至 +0.5%),20 个交易日内为 +0.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。