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The yuan traded in Shanghai at 7.31 per dollar, its weakest since December 2007, after the PBOC set the daily fixing at a 14-year low. The yuan also fell to its lowest level in over a year against a basket of trading partners' currencies.
A weaker yuan against a broad basket makes imports from other suppliers relatively cheaper for China, while dollar-priced US feed ingredients become more costly and less competitive.
bloomberg.comBloomberg News2022年10月25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 fixing at a 14-year low and the yuan at 7.31 on Oct 25 set the stage for extreme volatility, with the depreciation preceding the intervention reversal.
