Protests in China expanded across multiple cities over ongoing lockdowns after a deadly fire in which fire services were blocked. Authorities responded with a security crackdown.
Analysts say the zero-COVID strategy could weigh on growth and the yuan, with China's 10-year yield now below the U.S. 10-year yield.
Yuan weakness from slowing growth and yield-gap pressure raises the cost of dollar-priced feed imports. Prolonged lockdowns also reduce Chinese demand for meat and feed.
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.