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Chinese banks are cutting interest rates on US dollar deposits after being asked to do so by the central bank. Sources say the aim is to curb dollar hoarding and support a weakening yuan.
The report is based on sources and is not an official announcement.
Currency-defense measures like this signal Beijing's effort to stabilize the yuan, which supports Chinese import demand for dollar-priced commodities. The direct effect on feed prices is small.
reuters.com28 feb 2025Tras 362 eventos bajista de macro pasados, Yuan chino (CNY por USD) se movió una mediana de -0,1 % en 5 sesiones (42% al alza; mitad central entre -0,4 % y +0,1 %), y -0,2 % 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.
