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The yuan's recent rally against the dollar met resistance ahead of US Fed minutes and Chinese services PMI data. Analysts flagged a possible move below 0.1385 that could extend losses toward 0.137.
Chinese Premier Xi Jinping had acknowledged economic difficulties in a New Year's Eve speech.
Yuan direction and Chinese growth signals influence the pace of Chinese feed import demand. This is routine technical commentary with no major new supply or demand shock.
atfx.comJan 3, 2024Not 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.
