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Reuters analysis says the yuan has seesawed against the dollar for several years despite PBOC efforts to keep it stable. It rebounded about 2.5% since July and, on September 25, fell below 7 per dollar for the first time in 16 months after the stimulus.
Yuan volatility and PBOC management shape the pace of Chinese currency-driven import costs, so the longer-term outlook for feed purchasing power remains uncertain.
reuters.comSep 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.
