Laden…
The onshore yuan finished near a 28-month low against the dollar and was on track for its biggest weekly loss since April. The yuan weakened past 7.1 per dollar as the US-China yield differential widened to its largest since 2007.
Traders were positioning for further Federal Reserve hikes to fight inflation.
Continued yuan weakness reflects tighter US monetary policy and a widening rate gap that pressures Chinese currency and capital flows. A weaker yuan can reduce Chinese import buying power for feed ingredients over time.
brecorder.comReuters23 sep 2022Na 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.
Yuan slid past 7.1 on 9/23 as the US-China yield differential widened to its largest since 2007 amid expected Fed hikes, a direct driver of the early-window CNY weakening.
