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USD/CNH fell to about 6.3742, its lowest since early June, on October 19, 2021. Analysts suggested the PBOC may have let the yuan strengthen to trigger stop-loss orders below the market.
Ongoing property-sector stress and Chinese regulatory crackdowns were cited as factors the central bank must weigh.
A stronger yuan reduces the local-currency cost of dollar-priced commodity imports for Chinese buyers. Persistent domestic stress may also weigh on Chinese feed demand expectations.
forex.comGlobal author19 oct 2021Tras 50 eventos bajista de política pasados, Yuan chino (CNY por USD) se movió una mediana de -0,1 % en 5 sesiones (46% al alza; mitad central entre -0,4 % y +0,4 %), 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.
USD/CNH fell to its lowest since June, with the PBOC possibly tolerating strength and triggering stop-loss orders, which amplified the one-day drop.
