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The Chinese yuan is approaching 7 per US dollar, a level not seen since the 2008 financial crisis. The Trump administration accuses Beijing of keeping the currency weak to boost exports, while China says it is keeping the yuan stable.
Analysts including Capital Economics expect continued pressure on the currency.
A weaker yuan makes Chinese purchases of US farm goods and feed ingredients more expensive in dollar terms, which can weigh on US export demand. The currency is also a flashpoint in the trade dispute, so a sharp move could shift tariff and purchase talks.
bbc.comKarishma VaswaniOct 31, 2018After 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.
