Memuat…
The yuan hit a six-year low against the dollar on weak Chinese trade data while the broader dollar rally stalled. The offshore yuan was pushed lower after China had earlier halted a run on its currency by selling dollar reserves and raising offshore yuan interest rates.
The move highlighted continued pressure on the currency.
Yuan weakness tends to reduce Chinese purchasing power for imported soybeans, corn and meal, which can soften import demand and pressure prices. A soft trade print also signals slower Chinese feed demand.
reuters.com13 Okt 2016Setelah 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.
Setelah 359 peristiwa makro netral sebelumnya, Dolar AS (Luas) bergerak median -0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -0,4% sampai +0,4%), dan -0,1% 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.
Weak Chinese trade data pushed the yuan to a six-year low, adding to depreciation pressure within the window even as the PBoC intervened.
