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China's yuan hit a 16-month high against the dollar on September 24 after the central bank announced stimulus, including a planned 50 basis point cut to reserve requirement ratios and easier mortgage repayments. The yuan strengthened 0.65% to 7.017 per dollar.
The yuan's rise follows new liquidity measures that could support Chinese demand for imports, though the currency move on its own has a limited direct effect on feed prices.
reuters.comChuck MikolajczakSep 24, 2024Not enough comparable past events yet for a historical read.
After 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.
