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China's yuan touched its weakest level since May 2008, reaching 6.9724 per dollar in Shanghai. The People's Bank of China cut its daily reference rate to the lowest in more than a decade, as signs grew that the trade war with the US could escalate.
A decade-low yuan lowers the dollar cost of Chinese imports and can reduce Chinese buying of US soybeans, corn and meal at current prices. Further weakness toward 7 per dollar would add pressure on the trade dispute.
bloomberg.comTian Chen1 Nov 2018Setelah 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.
