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Nikkei and the Japan Center for Economic Research found most Asian currencies undervalued against the dollar, while the yuan and yen are near equilibrium. The yuan is trending weaker and could become a point of contention in the US-China trade war.
Currency trends in major Asian importers affect purchasing power for feed ingredients, and a weaker yuan could become a trade-war flashpoint that dampens Chinese demand for US agricultural commodities.
asia.nikkei.comNikkei staff writersJun 25, 2019Not enough comparable past events yet for a historical read.
After 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.
