
China's central bank lowered its yuan midpoint for a seventh straight session, setting it at 7.0136 per dollar, the weakest level since April 2008. The fix came in firmer than Reuters' estimate of 7.0222, which traders had not expected.
A weaker yuan raises the cost of dollar-priced imports for China, which can modestly dampen its buying of U.S. soybeans and meal. The firmer-than-expected fix suggests Beijing is limiting the pace of depreciation, so the effect on feed prices is likely limited.
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.