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The onshore yuan fell to levels not seen since February 2008 and the offshore yuan hit its weakest since trading began. Analysts are watching how far Beijing will let the currency fall amid the trade war with the US.
Continued yuan weakness reduces the cost of Chinese imports and adds uncertainty to demand for US farm products, weighing on grain and meal prices.
cnbc.comSaheli Roy ChoudhuryAug 28, 2019After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
