Loading…
Goldman Sachs says China's capital outflows are accelerating, with a net $69.2 billion leaving in November. The yuan is heading for its biggest annual decline in more than 20 years, and the central bank has been selling larger amounts of foreign exchange.
Accelerating outflows and yuan depreciation raise the dollar cost of Chinese feed imports and could weigh on Chinese demand for soybeans and meal.
businesstimes.com.sgDec 19, 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.
