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The PBoC has kept the yuan stable after the additional 10% US tariff on Chinese imports, according to an IFR comment. The central bank's stance limits near-term yuan weakness despite the trade pressure.
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Stable yuan policy reduces currency-driven volatility in Chinese demand for US and Brazilian feed commodities. Trade pressure still matters for soybean flows.
ifre.comDivyang ShahFeb 28, 2025After 50 past bearish policy events, USDCNY moved a median -0.1% over 5 sessions (46% higher; middle half -0.4% to +0.4%), and -0.0% 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.
