
China's yuan hit a three-week low near 6.92 per dollar and was set for its first monthly decline since July. The onshore yuan was down about 0.9% in March as higher oil prices and a stronger dollar weighed on sentiment.
The PBOC is leaning against disorderly moves through its daily fixing and 2% trading band.
A weaker yuan amid high oil prices raises China's import costs and can dampen its demand for dollar-priced feed and energy. Persistent dollar strength adds pressure on commodity prices quoted in USD.
Setelah 398 peristiwa makro bullish sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median +0,0% selama 5 sesi (56% lebih tinggi; separuh tengah -0,3% sampai +0,5%), dan +0,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.