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The Chinese central parity rate strengthened 77 pips to 6.9260 per dollar on Monday, according to the China Foreign Exchange Trade System. The article describes the daily fixing mechanism, which allows spot trading within 2 percent of the parity rate.
This is routine currency fixing commentary with no new supply or demand driver for feed commodities, so the price implication is negligible.
en.xfafinance.comMar 9, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
