
China's yuan slipped against the US dollar on April 26 and fell to a record low against a basket of currencies after the PBOC set a weaker midpoint of 6.8845. The CFETS basket index dropped to 92.67, the lowest since its data began in late 2015.
Tightening onshore liquidity, with overnight SHIBOR at a two-year high, was expected to limit losses.
A weaker yuan makes Chinese buyers of US feed ingredients such as DDGS and soymeal less price-competitive at the margin, so it is mildly bearish for US exports. The move is largely currency-driven rather than a change in feed demand.
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.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
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.