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China's central bank lowered its yuan midpoint for a seventh straight session, setting it at 7.0136 per dollar, the weakest level since April 2008. The fix came in firmer than Reuters' estimate of 7.0222, which traders had not expected.
A weaker yuan raises the cost of dollar-priced imports for China, which can modestly dampen its buying of U.S. soybeans and meal. The firmer-than-expected fix suggests Beijing is limiting the pace of depreciation, so the effect on feed prices is likely limited.
reuters.com9 ago 2019Tras 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.
