# Opening Bell: Gold, Yen Rise Ahead Of Yellen; Yuan Surges On PBOC | Investing.com

> Gold, the yen and Treasuries rose ahead of a Federal Reserve chair appearance, while the yuan surged after an apparent central bank intervention. Japanese stocks closed at their highest since August 2015.

- Date: 2017-06-27 · published 2017-06-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11183-opening-bell-gold-yen-rise-ahead-of-yellen-yuan-surges-on-pboc-investing-com
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Safe-haven flows and intervention-driven yuan strength move currency markets without a direct change in grain supply or demand. The effect on feed commodity prices is minimal.

## Read by commodity

- USDCNY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDCNY | 2017-06-27 | 1 | -0.4% | -3.3 | Reports on 2017-06-27 of the yuan surging on apparent PBOC intervention directly describe the CNY move that day (USD/CNY down 0.41%), via official FX action squeezing shorts. |

## Sources

- investing.com: https://www.investing.com/analysis/opening-bell:-safe-havens-rise-before-yellen-speech-200197639

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.