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The yuan fell to an eight-year low of 6.8950 per dollar on Friday, extending a sharp weekly decline. The fall so far this year stands at 5.8 percent, which would be the yuan's biggest annual drop since the 2005 revaluation.
Sources say Beijing is ready to slow the depreciation because of worries about capital outflows.
A weaker yuan makes Chinese feed ingredient purchases from dollar-priced suppliers more expensive in local currency, which can slow import demand for soybeans and meal. Official efforts to slow the decline could limit further currency-driven pressure on Chinese buying.
reuters.comKevin Yao18 nov 2016Na 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.
