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The yuan rallied to a seven-month high against the dollar on the last trading day of 2023, after expectations of Federal Reserve easing. The currency still posted a 6.14% annual loss, its second consecutive yearly decline.
The PBOC set its midpoint at a seven-month high.
A stronger yuan lowers the cost of dollar-priced imports for China, modestly supporting its feed purchasing power. The move is a currency story with limited direct effect on feed prices.
financebrokerage.comEmma Bonnet29.12.2023Nach 362 vergangenen Ereignisse (bearisch, Makro) bewegte sich Chinesischer Yuan (CNY pro USD) im Median über 5 Handelstage um -0,1 % (42% höher; mittlere Hälfte -0,4 % bis +0,1 %) und über 20 Handelstage um -0,2 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
The yuan's rally to a seven-month high on Dec 29 on Fed easing expectations and a stronger PBOC fixing set the immediate currency momentum leading into the Jan 2 move, though the timing of this 0.60% move differs slightly.
