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The yuan fell to its weakest level since December against the dollar after the People's Bank of China cut its one- and five-year loan prime rates to support an economy hit by the coronavirus outbreak. Investors expect further easing, and Citi sees USD/CNY near 7.05 within three months.
Yuan weakness raises the cost of dollar-priced feed imports for China and eases pressure on its manufacturers, which can support demand for feed ingredients over time. Easing that keeps the yuan soft tends to lift the dollar's value against it.
financialpost.comReuters20 feb 2020Na 398 eerdere opwaarts macro-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan +0,0% over 5 sessies (56% hoger; middelste helft -0,3% tot +0,5%), en +0,0% 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.
