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China's yuan held steady on Friday while the offshore yuan posted light gains against a firm dollar. Industrial profits rose for a second month in September, and investors expect further monetary easing after new borrowing and stimulus measures.
Expectations of easing could widen the yield gap with the US and pressure the yuan later, affecting the cost of Chinese imports. The effect on feed markets is limited for now given the steady currency.
brecorder.comReutersOct 30, 2023Not 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.
