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The renminbi was set for its worst monthly performance against the dollar since August 2019, falling about 1.4% in March to near Rmb6.57. Investors worry that Beijing may withdraw stimulus and tighten borrowing after the country's economic rebound.
A weaker yuan and possible tighter credit could slow Chinese import demand for feed grains and meal, pressuring prices.
ft.comHudson LockettMar 31, 2021After 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.
