
The offshore yuan fell faster than the onshore yuan on Friday, with both reaching seven-month lows. The Chinese currency extended its losing streak against the dollar to 12 straight days, its longest ever.
The onshore-offshore spread widened to 132 basis points amid trade war fears.
A weaker yuan makes Chinese purchases of US farm goods more expensive and can slow Chinese feed demand, adding pressure to US soybean and feed prices. The sustained slide also signals international investor pessimism about China's trade outlook.
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.