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转录一下国际市场的反应:
Here's the impact on the markets:
- Stocks: Equities are set to open higher on Wall Street on anticipation that a stronger yuan will make U.S. goods more attractive.
While some expectation of a yuan revaluation was already baked into stocks, there is a "natural reaction that perhaps manufacturers will see a small bump in their earnings," John Brady, senior vice president at Man Financial, told CNBC's "Squawk Box."
- Bonds: U.S. Treasurys sank on expectations the move could lead to less Chinese demand for U.S. bonds. To keep its currency peg, China needed to buy huge amounts of U.S. dollars and much of that was reinvested in Treasurys. The yield on the 10-year note rose 0.055% to 4.21%.
"This could change the way the Chinese do their business," Andre Bush, global market strategist at Harris Nesbitt, told "Squawk Box." "They may stop intervening against the U.S. dollar and may stop buying Treasurys." The bond market "should be nervous" and the 10-year yield could climb as high as 4.5%, Bush said.
- Currencies: The yen is the big mover today, climbing 1.84% against the greenback to 110.72 yen per dollar, on anticipation of Japanese exports being more competitive compared to Chinese goods. Looking longer term, China's move to a basket will mean more demand for Asian and European currencies and less demand for the dollar. The euro climbed 0.16% against the dollar to $1.2171.
"The move is clearly positive for Asian currencies first and to some extent the euro," Emanuele Ravano, European strategist at Pimco, told Reuters. "It is pretty clear that the basket will involve a reasonable chunk of Asian currencies."
来源: CNBC Market Dispatches |
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