
The yuan slipped against the dollar on October 18, 2021, after China's third-quarter GDP grew 4.9% year on year, slower than expected. Power shortages, supply bottlenecks and COVID-19 outbreaks weighed on growth, and property-sector credit worries added to the pressure.
Expectations of less monetary easing limited the currency's losses.
Weaker Chinese growth reduces the outlook for import demand for feed inputs, which is mildly bearish for grain and oilseed prices. A softer yuan also makes Chinese purchases of dollar-priced commodities marginally more expensive.
Na 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.