
China cut its one-year and five-year loan prime rates by 10 basis points on Tuesday, the first cut in 10 months. The offshore yuan slipped to 7.1734 per dollar, while the dollar rose broadly and reached a seven-month high against the yen.
Analysts view the modest cut as unlikely to shift the currency much without fiscal spending. Persistent yuan weakness can weigh on Chinese demand expectations for imported feed ingredients.
Nach 398 vergangenen Ereignisse (bullisch, Makro) bewegte sich Chinesischer Yuan (CNY pro USD) im Median über 5 Handelstage um +0,0 % (56% höher; mittlere Hälfte -0,3 % bis +0,5 %) und über 20 Handelstage um +0,0 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
The PBOC's first loan prime rate cut in 10 months, on the same day as the move, widened the rate gap with the US and lifted the dollar, which pushed the yuan weaker to about 7.17.