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China's yuan eased against a strengthening dollar on Thursday, but losses were capped as the PBOC kept its official fixing strong. The midpoint was set at 7.1784, about 1,481 pips firmer than Reuters estimates, to stem rapid depreciation.
The PBOC's strong fixing limits yuan weakness, so the impact on dollar-priced feed imports stays small. Continued official support reduces the risk of a sharp currency-driven shift in Chinese import costs.
brecorder.comReutersOct 26, 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.
