Opening Statement from the January 2017 CCPM Forecaster

 Opening Statement from the January 2017 CCPM Forecaster

Originally published on January 2, 2017

As expected, the USD strength continues, boosted most recently by the interest rate hike in December. In addition to serving somewhat as a downward force on commodities pricing, the strong USD has also led to further weakness in the yuan. But we believe the primary force accounting for the weakness in the yuan is the increasing exodus of investment capital from mainland China, as both foreign investors and Chinese nationals remain concerned about the Chinese economy. ¹

Ever since Trump won the election, US Treasury yields have soared due to the thought that