Loading…
The Chinese yuan's sharp fall paused after the central bank intervened and urged market participants to avoid herd behavior. The fallout is spreading to Vietnam's currency, the dong.
Regional currency weakness raises the cost of dollar-denominated feed imports for Asian buyers and can shift export competitiveness for grain and meal flows.
bloomberg.comShuli RenAug 9, 2018After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), 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.
