
China's FX regulator surveyed banks about their yuan positions as the currency fell more than 13% against the dollar so far this year. The yuan was on track for its biggest annual drop since 1994, driven by aggressive Federal Reserve tightening and a slowing Chinese economy.
Yuan weakness raises the cost of dollar-priced soybean and feed imports for China and can slow purchases, which is bearish for US soy and meal prices.
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.
Setelah 2.356 peristiwa makro bullish sebelumnya, Dolar AS (Luas) bergerak median +0,2% selama 5 sesi (60% lebih tinggi; separuh tengah -0,3% sampai +0,7%), dan +0,4% 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 FX regulator's bank survey on Oct 25 signaled official concern over the yuan's slide and foreshadowed intervention, shaping positioning sentiment.