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Scotiabank expects the yuan to stay relatively steady in Q2 and to face headwinds in H2 as credit-fuelled growth raises risks. The US Treasury did not label China a currency manipulator but kept it on its monitoring list.
Premier Li Keqiang said the yuan would be kept basically stable.
A steady yuan supports stable Chinese import demand for US feed inputs. Expected H2 weakness would be a modest headwind for those purchases.
在过去 169 次中性的宏观事件之后,人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 +0.0%(50% 上涨;中间一半区间为 -0.3% 至 +0.2%),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。