
The yuan fell to a near three-month low against the dollar after the PBOC set a weaker-than-expected fixing. Markets also priced in worries about higher US tariffs on Chinese goods following Donald Trump's election win, with Trump having pledged tariffs of 60% or more.
Tariff fears and a weaker yuan reduce the expected value of Chinese purchases of US farm goods and could shift flows toward Brazilian soybeans. Potential retaliation and currency defense by Beijing adds uncertainty to export demand.
在过去 40 次看涨的贸易事件之后,人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 +0.6%(75% 上涨;中间一半区间为 +0.0% 至 +1.4%),20 个交易日内为 +1.1%。
在过去 803 次看跌的贸易事件之后,大豆 在 5 个交易日内中位数变动 +0.0%(51% 上涨;中间一半区间为 -1.7% 至 +1.7%),20 个交易日内为 +0.9%。
在过去 683 次看跌的贸易事件之后,玉米 在 5 个交易日内中位数变动 -0.2%(47% 上涨;中间一半区间为 -1.7% 至 +1.6%),20 个交易日内为 +0.3%。
历史可比事件尚不足,暂无法给出历史解读。
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。
A weaker-than-expected PBOC fix and tariff worries pushed the yuan to a near 3-month low on Nov 7, adding to the depreciation.