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China cut its one-year and five-year loan prime rates by 10 basis points on Tuesday, the first cut in 10 months. The offshore yuan slipped to 7.1734 per dollar, while the dollar rose broadly and reached a seven-month high against the yen.
Analysts view the modest cut as unlikely to shift the currency much without fiscal spending. Persistent yuan weakness can weigh on Chinese demand expectations for imported feed ingredients.
channelnewsasia.com2023年6月20日在过去 398 次看涨的宏观事件之后，人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 +0.0%（56% 上涨；中间一半区间为 -0.3% 至 +0.5%），20 个交易日内为 +0.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
The PBOC's first loan prime rate cut in 10 months, on the same day as the move, widened the rate gap with the US and lifted the dollar, which pushed the yuan weaker to about 7.17.
