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China's yuan touched a near one-week low against the dollar on Monday, with onshore spot trading around 6.48 per dollar after the PBOC set a weaker midpoint. Investors were awaiting the Politburo meeting outcome and the U.S. Federal Reserve's policy decision, including clues on the timing of tapering.
A weaker yuan makes Chinese buying of dollar-priced feed imports more expensive, which can temper demand at the margin. The effect on grain prices is modest unless the currency move persists.
reuters.com26 jul 2021Tras 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.
