
The British pound fell nearly 10 percent against the dollar in a brief flash crash during Asian trading, hitting a 31-year low after the Brexit vote. The offshore yuan weakened to a nine-month low around the same time as Beijing tried to contain depreciation bets.
Economists said London's status as a financial hub was unlikely to be affected.
Currency volatility in sterling and the yuan changes the cost of dollar-priced feed imports for European and Chinese buyers. The effect on grain prices is mainly indirect through exchange rates.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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 pound flash crash and the offshore yuan's nine-month low during the holiday closure increased risk aversion and depreciation pressure, which was likely priced in when onshore markets reopened.