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China's yuan edged up against a soft dollar on Friday, on track for its first weekly gain in two months, partly reflecting Beijing's efforts to slow the currency's slide. The yuan is still headed for its biggest monthly loss in nearly 1.5 years as traders remain uneasy about Trump's policies.
Trump said he would impose a 10% tariff on Chinese goods after taking office.
A weaker yuan makes Chinese purchases of US feed ingredients more expensive and can pressure China's import demand, while a firmer yuan modestly supports import buying. The currency moves are a secondary factor for grain and meal prices, with tariff risk the main driver.
brecorder.comReutersNov 29, 2024After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
