
Foreign exchange markets are speculating that Beijing may allow the yuan to devalue after months of pressure, with the dollar up about 150 basis points against CNY this year. Reuters reported Chinese firms are hoarding dollars, and Western governments have raised concerns about possible currency manipulation.
China has recently announced large public spending on manufacturing and an export push.
A weaker yuan would make Chinese exports cheaper and could cut the local-currency cost of feed imports, but it would also raise trade tensions that could affect global agricultural trade flows.
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.