
The PBOC lowered its yuan reference rate against the dollar to its weakest level since February 2008. The move came as relations with the US deteriorated over the coronavirus pandemic and the proposed Hong Kong security arrangements.
A reference rate at a 12-year low signals Beijing may allow further yuan weakness, which would raise the cost of dollar-priced grain and meal imports for Chinese buyers. Weaker currency terms can reduce China's appetite for US commodities.
Tras 14 eventos alcista de geopolítica pasados, Yuan chino (CNY por USD) se movió una mediana de -0,0 % en 5 sesiones (36% al alza; mitad central entre -0,4 % y +0,2 %), y -0,5 % 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.