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The onshore yuan fell sharply on September 25 to close at 6.8770 per dollar, its biggest drop since July 27. Analysts attribute the move largely to a lagged reaction and pre-holiday dollar buying, while noting that trade conflicts had some influence.
Yuan volatility shifts the cost of US feed imports for Chinese buyers, which can alter the timing and volume of purchases of soybeans and meal.
en.xfafinance.comSep 26, 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.
