Loading…
China is tightening controls on capital outflows after the yuan fell almost 6 percent this year, pushing it to its weakest levels in about eight years. The move revives memories of the capital flight seen late last year.
A weaker yuan raises the cost of dollar-priced feed imports for China, which can dampen Chinese buying of soybeans and meal at the margin.
reuters.comVidya RanganathanDec 5, 2016After 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.
