
China's major state-owned banks were reportedly seen selling US dollars to buy yuan in onshore and offshore spot markets in early Asian trade, according to three sources. The yuan strengthened over 0.6% to a high of 7.1411 per dollar but remains down about 3.5% year-to-date.
State bank intervention to support the yuan signals Beijing's effort to limit depreciation, which can ease pressure on import costs for Chinese feed buyers and moderately affect dollar-denominated soybean and corn demand.
Tras 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.