
China's major state-owned banks were reported buying U.S. dollars around 6.52 yuan on Dec 31, 2020, according to traders. The onshore yuan had opened at 6.5204 per dollar and hit a high of 6.5148, its strongest level since June 2018.
The intervention was seen as an effort to slow the yuan's rally and keep it from breaching a key level.
State dollar buying dampens near-term yuan appreciation, which slightly lifts the CNY-per-USD rate and reduces the pressure on Chinese buyers' import costs for dollar-priced feed. Impact on feed prices is limited.
Tras 169 eventos neutral de macro pasados, Yuan chino (CNY por USD) se movió una mediana de +0,0 % en 5 sesiones (50% al alza; mitad central entre -0,3 % y +0,2 %), y -0,0 % 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.