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The onshore yuan finished near a 28-month low against the dollar and was on track for its biggest weekly loss since April. The yuan weakened past 7.1 per dollar as the US-China yield differential widened to its largest since 2007.
Traders were positioning for further Federal Reserve hikes to fight inflation.
Continued yuan weakness reflects tighter US monetary policy and a widening rate gap that pressures Chinese currency and capital flows. A weaker yuan can reduce Chinese import buying power for feed ingredients over time.
brecorder.comReuters23.09.2022Nach 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.
Yuan slid past 7.1 on 9/23 as the US-China yield differential widened to its largest since 2007 amid expected Fed hikes, a direct driver of the early-window CNY weakening.
