
China's central bank set stronger-than-expected yuan midpoint fixings this week, and state banks were seen selling dollars onshore and offshore. The yuan has lost nearly 5% against the dollar this year and is among the weakest Asian currencies.
Markets expect the PBOC may add policy measures if the slide continues.
A weaker yuan raises the cost of imports for China, a major buyer of feed grains and oilseeds, which can slow purchases and pressure prices. Intervention to defend the currency signals policymakers' concern about this pressure.
Tras 362 eventos bajista de macro pasados, Yuan chino (CNY por USD) se movió una mediana de -0,1 % en 5 sesiones (42% al alza; mitad central entre -0,4 % y +0,1 %), y -0,2 % 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.