
The yuan weakened against the dollar after Minneapolis Fed President Kashkari said he favoured pushing rates above 5.4%. Markets were uncertain whether the Fed would hike by 25 or 50 basis points, and investors also awaited China's National People's Congress.
A weaker yuan raises the local cost of dollar-priced feed imports for Chinese buyers, which can slightly reduce import demand. The effect is limited and mainly on sentiment.
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.