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The yuan weakened on Monday as seasonal corporate dollar demand pressed on the currency. Chinese regulators also said they would study letting individuals invest in overseas securities and insurance products within a $50,000 annual quota.
The yuan's strength had raised concerns about bubble risk.
A weaker yuan and possible capital outflows affect the cost of dollar-priced feed imports for Chinese buyers. Currency moves change the relative competitiveness of US feed grains and meal.
brecorder.comReuters22 feb 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.
