The yuan fell to its weakest level in about six months against the dollar on concerns over China's post-COVID slowdown. The PBOC set a weaker midpoint and did not intervene directly to stop the decline, which investors read as tolerance for further weakening.
Disappointing April economic data was cited as the cause.
A weaker yuan raises the dollar cost of commodity imports for China and can dampen purchases of feed grains and meal. The PBOC's tolerance suggests the move may continue if growth stays soft.
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.