
China's yuan fell to its weakest level against the dollar in more than five years on Friday. Early voting in the Brexit referendum suggested Britain might leave the European Union.
A weaker yuan makes Chinese buyers less competitive on dollar-priced imports, which can dampen import demand for soybeans and meal, while broader risk-off flows can pressure commodity prices.
Tras 398 eventos alcista de macro pasados, Yuan chino (CNY por USD) se movió una mediana de +0,0 % en 5 sesiones (56% al alza; mitad central entre -0,3 % y +0,5 %), y +0,0 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Same-day report of yuan falling to a 5-year low on Brexit referendum fears and dollar safe-haven demand directly explains the 0.62% USD/CNY rise on June 24.
The yuan fell to a five-year low on Brexit fears on June 24, starting the move within the 5-day window.