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The yuan steadied at a 3.5-month low on Tuesday after the PBOC set a firmer-than-expected midpoint fix of 7.1911 per dollar. Tighter cash conditions offshore also helped limit selling.
The currency has fallen about 1.8% since the US election on expectations of higher tariffs.
Official support for the yuan limits the currency's decline, which helps keep Chinese import costs from rising sharply. The tariff expectations behind the yuan weakness remain a bearish risk for US feed trade.
brecorder.comReuters19 nov 2024Tras 169 eventos neutral de macro pasados, Yuan chino (CNY por USD) se movió una mediana de +0,0 % en 5 sesiones (50% al alza; mitad central entre -0,3 % y +0,2 %), 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.
