
The yuan extended its losing streak against the dollar, closing at 6.5950 per dollar, its fifth straight session of declines and lowest close since December 2017. Investors cited concerns over a looming Sino-U.S. trade war and expectations of further monetary easing by the People's Bank of China.
The currency had already weakened about 3% since June 14 after disappointing growth data.
A weaker yuan makes Chinese purchases of US farm goods and feed ingredients more expensive in dollar terms, which can dampen import demand and pressure US soybean and meal prices. Continued currency weakness also signals stress in China's growth outlook, which weighs on feed demand.
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。
Reports a fifth straight session of yuan declines to a six-month low on trade-war fears and expected PBOC easing, which directly explains the USD/CNY rise within the window.