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The article explains how the PBOC sets the daily USD/CNY fixing and how the yuan's rising share of global FX turnover makes the fix increasingly influential. It notes the fix can be used to counteract market forces and create volatility in other currencies.
Because the fix can shift regional currencies and asset prices, it matters to feed buyers pricing Asian import demand. The article is background explainer material with no new price driver.
forex.comDavid ScuttMar 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.
