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Most emerging Asian currencies weakened against the dollar on September 3, 2019, as investors worried about the outcome of Sino-US trade talks. The Chinese yuan slid to 7.1825 per dollar in early trade, its weakest since 2008.
The rupee fell 1.2% after weak Indian GDP data.
A weaker yuan makes US and other imported farm goods more expensive for Chinese buyers and can dampen import demand. Persistent trade tension tends to weigh on feed commodity demand.
indiatoday.inReutersSep 3, 2019After 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.
Not enough comparable past events yet for a historical read.
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.
