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The People's Bank of China set the yuan's central parity rate at 7.1781 per US dollar on Monday, 1 pip stronger than the prior day. The yuan may trade up to 2% either side of this reference rate in spot trading.
This is a routine daily fixing with no new driver, so it has little direct effect on feed commodity prices. It only signals the PBOC's ongoing managed stability for the currency.
english.news.cnOct 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.
