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The People's Bank of China announced it would review how it calculates the yuan's daily reference rate in an effort to curb rapid fluctuations. The aim is to prevent a US rate hike from triggering capital flight.
Changes to yuan management shape the currency's path against the dollar, which affects Chinese import costs for feed ingredients. The impact on feed prices is indirect and modest.
asia.nikkei.comISSAKU HARADA, Nikkei staff writerJun 26, 2017After 42 past neutral policy events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (50% higher; middle half -0.3% to +0.4%), and -0.2% over 20.
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.
