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The ringgit fell against the US dollar on June 10, closing at 4.1620/1650 from 4.1570/1620 the previous Friday. The decline tracked the yuan after China's central bank governor signaled authorities may tolerate a weaker currency.
A weaker yuan signals Chinese willingness to offset tariffs, which can reduce Chinese import demand for US and Brazilian agricultural products and weigh on regional currencies.
malaymail.comJun 10, 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.
