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Chinese financial analysts said short-term yuan pressure does not signal further major depreciation, given the pace of China's economic recovery. The offshore and onshore yuan had weakened to around 7.10 per dollar, the first time below 7.1 since November 30.
Dividend-related dollar demand and US debt ceiling risk were cited as factors.
Currency moves of this size have little direct effect on feed grain prices. The outlook for stability suggests no sharp change in China's import costs from currency alone.
chinadaily.com.cnShi Jing in Shanghai31 may 2023Tras 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.
