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The yuan slipped to an 18-month low of 6.7110 per dollar as the dollar hit a two-decade high amid Ukraine war concerns, rising global rates and Shanghai lockdowns. China's April exports rose 3.9%, slightly better than expected, while imports were flat.
Yuan weakness and lockdown-driven slowdown in China reduce import demand for feed ingredients, while a firmer dollar pressures dollar-priced grain and meal.
asiafinancial.comJim Pollard, Sean O'Meara9 Mei 2022Setelah 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.
Setelah 117 peristiwa makro bearish sebelumnya, Bungkil Kedelai bergerak median -0,6% selama 5 sesi (41% lebih tinggi; separuh tengah -2,5% sampai +1,7%), dan +0,5% 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.
Same-day report of the yuan hitting an 18-month low of 6.7110 as the dollar reached a two-decade high, amid rising global rates and Shanghai lockdowns, directly describes the 0.97% move.
Yuan hit an 18-month low of 6.7110 on May 9 as the dollar reached a two-decade high, directly within the 5-day window and reflecting USD strength, global rate rises and Shanghai lockdowns.
Yuan hitting an 18-month low on May 9 amid a two-decade-high dollar, global rate rises and Shanghai lockdowns marks the immediate depreciation momentum leading into the May 12 move.
