
China's central bank scrapped the 20% reserve requirement on forex forward contracts from March 2 to encourage dollar buying and slow the yuan's rapid rise. The move came after the yuan hit a near three-year high, and the PBOC also set a weaker-than-expected trading band midpoint.
The measure is a direct policy effort to slow yuan appreciation, which pressures exporters and could support USD demand in China. A slower yuan rise keeps the dollar cost of Chinese imports, including feed ingredients, from falling as quickly.
Tras 31 eventos alcista de política pasados, Yuan chino (CNY por USD) se movió una mediana de -0,2 % en 5 sesiones (42% al alza; mitad central entre -0,4 % y +0,3 %), y -0,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.