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The yuan edged lower against the dollar on Monday as fresh Sino-U.S. tensions, including a Trump administration plan to restrict 89 Chinese aerospace and other firms from buying U.S. goods and technology, weighed on the currency. The yuan had earlier reached a 29-month high after Joe Biden's election win.
A weaker yuan makes Chinese purchases of U.S. farm goods relatively more expensive, so renewed trade friction is a modest negative for U.S. feed-grain export demand and supportive of the dollar against feed-importing currencies.
financialpost.comReuters23 nov 2020Tras 40 eventos alcista de comercio pasados, Yuan chino (CNY por USD) se movió una mediana de +0,6 % en 5 sesiones (75% al alza; mitad central entre +0,0 % y +1,4 %), y +1,1 % 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.
