Loading…
The yuan weakened on Monday as seasonal corporate dollar demand pressed on the currency. Chinese regulators also said they would study letting individuals invest in overseas securities and insurance products within a $50,000 annual quota.
The yuan's strength had raised concerns about bubble risk.
A weaker yuan and possible capital outflows affect the cost of dollar-priced feed imports for Chinese buyers. Currency moves change the relative competitiveness of US feed grains and meal.
brecorder.comReutersFeb 22, 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.
