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Investors are closely watching whether the yuan breaches 7 per dollar, a psychological level seen as a key indicator of the US-China trade war. Analysts say a break would hurt Chinese firms, dollar-debt holders and Beijing's push for wider yuan use.
The yuan has been testing those levels more frequently in recent weeks.
A yuan slide past 7 would signal intensifying trade stress and could weigh on Chinese import demand for feed ingredients, while a stronger dollar pressures commodity prices broadly.
cnbc.comWeizhen TanMay 31, 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.
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.
