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The yuan recovered all of its earlier losses on September 30, 2022, after Reuters reported that major state banks were told to be ready to support the currency offshore. Traders covered short yuan positions, and the onshore currency was heading for its first weekly gain since mid-August.
The yuan was still down more than 10% for the year.
A firmer yuan eases the cost of Chinese purchases of dollar-priced feed ingredients, but the move is a short-term rebound within a steep yearly decline. Market direction for China's feed demand will depend on whether state support holds after the National Day holiday.
brecorder.comReuters30 sept 2022Tras 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.
