◂ Event Timeline

Dec 6, 2023MACROChina

China blue-chip stocks hit 5-year lows, yuan eases after Moody's move

Chinese blue-chip stocks fell to 5-year lows and the yuan slipped against the dollar after Moody's revised its outlook on China's credit rating. The PBOC set a weaker midpoint fix than the previous day.

WHY IT MATTERS

Weakness in Chinese equities and the currency signals softer economic momentum, which can reduce expected Chinese demand for feed ingredients.

AFFECTSChinese Yuan (CNY per USD)◆

SOURCE
reuters.comDec 6, 2023

Price reaction & history

Chinese Yuan (CNY per USD)◆neutralSO FAR1d +0.2%5d +0.4%20d +0.2%

After 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.

Sep 23, 2025China’s Yuan Holds Firm After State Banks Step In - Finimize+0.1%
Oct 22, 2021China's yuan eases after regulator warn of possible actions to counter higher fluctuations - Markets - Business Recorder-0.0%
Nov 9, 2021China's yuan eases as traders await inflation data; HK dollar nears 7.8 | Financial Post+0.0%
Aug 25, 2026Chinese yuan slips from 3-1/2-year high after PBOC signals unease over rapid gains - Markets - Business Recorder-0.0%
Apr 6, 2017China’s Efforts to Boost the Yuan-0.0%

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.

Chinese Yuan (CNY per USD) USDCNY · GP ▸

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