Hola a todos,
Estoy bastante preocupado con esta noticia, he leído en algunos post antiguos que la cotización de yuan podía afectar negativamente la cotización del yen.
Alguien experto nos puede confirmar como puede afectar estas decisiones por parte del gobierno chino.
Muchas Gracias
Market freeze may prompt China FX reforms
SHANGHAI, Dec 4 (Reuters) - China's foreign exchange market has frozen this week, showing how difficult it will be for the central bank to manage a slow depreciation of the yuan, and that may prompt reforms to the tightly controlled currency system, analysts said.
One reform that might help revive the market would be a widening of the trading band, currently set for dollar/yuan at 0.5 percent either side of a daily mid-point <CNY=SAEC> set by the central bank, they said.
Indeed, the operator of the spot market, China Foreign Exchange Trade System, a unit of the central bank, is considering a widening to 1.0 percent on either side of the mid-point, sources familiar with the situation told Reuters. They declined to be named as they were not authorised to speak publicly to media.
The operator has no power to set policy. Any reform measures would have to be set by senior government officials.
After keeping the yuan <CNY=CFXS> steady against the dollar for four months, the central bank this week let it fall to a five-month low, convincing the market that China is shifting currency policy towards gradual yuan depreciation in order to help its slowing export sector, traders said.
In the onshore spot market, trade has almost ground to a halt as most banks, expecting the yuan to fall against the dollar in coming months, have refused to sell dollars at rates within the permitted daily trading band.
That has left the central bank almost the sole supplier of dollars to the market, traders said. If it wants to revive the market any time soon, rules and restrictions on trade may have to be loosened.
"There's little doubt that this week's events in the market herald more foreign exchange reforms in coming months," said Liu Dongliang, currency analyst at China Merchants Bank in Shenzhen. (Editing by Andrew Torchia)