Loading…
China's stocks fell to six-month lows on Tuesday despite a regional relief rally, and the onshore yuan eased from Monday's seven-month high against the dollar to around 7.145 per dollar. China's 10-year yield rose on fears of government-orchestrated bond selling to cool a bond rally, rather than on an improved economic outlook.
A weaker yuan and rising domestic yields reduce the appeal of Chinese assets as a safe haven during the global sell-off. For feed buyers, the impact on grain and meal prices is indirect, through currency-driven changes in Chinese import demand.
reuters.comAug 6, 2024Not 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.
