
China's yuan slipped against the US dollar on April 26 and fell to a record low against a basket of currencies after the PBOC set a weaker midpoint of 6.8845. The CFETS basket index dropped to 92.67, the lowest since its data began in late 2015.
Tightening onshore liquidity, with overnight SHIBOR at a two-year high, was expected to limit losses.
A weaker yuan makes Chinese buyers of US feed ingredients such as DDGS and soymeal less price-competitive at the margin, so it is mildly bearish for US exports. The move is largely currency-driven rather than a change in feed demand.
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.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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.