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The yuan inched higher against a softer dollar and was set for a fifth straight weekly gain, its longest winning streak in over three years. Corporate conversion of foreign exchange receipts supported the currency ahead of Powell's Jackson Hole speech.
Yuan strength reflects easing depreciation pressure that can support Chinese import demand, though the effect on feed prices is limited.
brecorder.comReutersAug 26, 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.
