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The yuan fell to an eight-year low of 6.8950 per dollar on Friday, extending a sharp weekly decline. The fall so far this year stands at 5.8 percent, which would be the yuan's biggest annual drop since the 2005 revaluation.
Sources say Beijing is ready to slow the depreciation because of worries about capital outflows.
A weaker yuan makes Chinese feed ingredient purchases from dollar-priced suppliers more expensive in local currency, which can slow import demand for soybeans and meal. Official efforts to slow the decline could limit further currency-driven pressure on Chinese buying.
reuters.comKevin Yao18 nov 2016Tras 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.
