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The Chinese yuan sold off in Asian trading on Monday, dragging down the yen, Australian dollar and New Zealand dollar. The move followed data showing deepening Chinese deflation, which also weighed on Hong Kong stocks.
Analysts said the yuan's direction depended on Chinese economic data due later in the week.
The broad Asian currency weakness reduces regional import purchasing power for feed ingredients, but the commodity price impact is limited without a specific supply shock.
gfmreview.comDec 11, 2023Not 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.
