
The yuan fell below 7 per dollar on August 5, 2019, to its lowest onshore level since the 2008 financial crisis. Investors sold export-oriented Asian currencies and moved into safe havens, and Trump called the move currency manipulation.
A sharp yuan drop lowers the dollar cost of Chinese demand for imports and raises pressure on emerging-market currencies. Risk-off flows tend to weigh on commodity prices.
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.
The yuan sank past 7 to a decade low as investors sold export-oriented Asian currencies and moved into safe havens, so sentiment and capital flows amplified the move.
The yuan fell to a decade low as investors sold export-oriented Asian currencies and moved into safe havens, a sentiment and capital-flow driver of the move.