
China's yuan has had its worst month on record amid investor money leaving the country. Concerns over rising COVID lockdowns in major cities, along with fallout from Russia's invasion of Ukraine, are driving the outflows.
A weaker yuan raises the cost of imported feed inputs priced in dollars for Chinese buyers, while cutting demand for overseas products priced in dollars. A falling yuan therefore tends to lift USD/CNY and weigh on China's feed import 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.
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.