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Chinese coffee shops and airlines are facing higher costs as the yuan slumps against the dollar, since China imports many of its inputs. Exporters, however, are expected to benefit from the weaker currency.
The weaker yuan makes imports more expensive for Chinese consumers and businesses, which can trim demand for imported commodities, though the effect on feed prices is indirect.
asia.nikkei.comCK TAN, KENJI KAWASE, Nikkei staff writersMay 26, 2022After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), 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.
