Loading…
The Chinese yuan reached its strongest level against the dollar in over 16 months on September 25 after Beijing unveiled stimulus to support the slowing economy. Analysts warned that yuan gains could hurt exporters and add deflationary pressure.
A stronger yuan lowers import costs for China but may weigh on its export sector, so its effect on feed demand depends on whether stimulus revives domestic activity.
cnbc.comLee Ying ShanSep 25, 2024After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), 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.
