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Global investors dumped Chinese assets and the yuan hit its weakest level in nearly 15 years after Xi Jinping's consolidated power raised fears that ideology would outweigh growth. Xi now faces a difficult economic agenda.
Political uncertainty and currency weakness in China can slow import demand and economic activity, a modest bearish factor for feed commodity demand.
reuters.comTony Munroe, Yew Lun TianOct 25, 2022After 27 past geopolitics events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (37% higher; middle half -0.4% to +0.2%), and -0.5% 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.
