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The yuan fell to an eight-year low of 6.8950 per dollar on Friday, extending a sharp weekly decline. The fall so far this year stands at 5.8 percent, which would be the yuan's biggest annual drop since the 2005 revaluation.
Sources say Beijing is ready to slow the depreciation because of worries about capital outflows.
A weaker yuan makes Chinese feed ingredient purchases from dollar-priced suppliers more expensive in local currency, which can slow import demand for soybeans and meal. Official efforts to slow the decline could limit further currency-driven pressure on Chinese buying.
reuters.comKevin Yao18 Nov 2016Setelah 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.
