
The dollar fell on January 5 after the release of Federal Reserve FOMC minutes, but the larger driver was a collapse in the offshore yuan from 6.90 to 6.80 intraday. Offshore rates also surged, with overnight rates reportedly near 40%.
A sharp drop in the offshore yuan and a weaker dollar can ease pressure on dollar-priced feed commodities, although analysts expect the yuan move to be temporary.
Na 1.637 eerdere neerwaarts macro-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan -0,2% over 5 sessies (39% hoger; middelste helft -0,6% tot +0,3%), en -0,2% over 20.
Na 362 eerdere neerwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan -0,1% over 5 sessies (42% hoger; middelste helft -0,4% tot +0,1%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
The offshore yuan surged from 6.90 to 6.80 intraday on Jan 5 as overnight offshore rates spiked near 40%, which was the main driver of the dollar's fall against the yuan.