Loading…
China's yuan held steady on Friday, with the offshore market posting light gains against the dollar as investors watched for signs of an economic bottom. Industrial profits grew for a second month in September, and monetary easing expectations rose after new stimulus measures.
Stable currency conditions limit near-term changes in the cost of Chinese imports of feed inputs. Rising easing expectations could later widen the yield gap and pressure the yuan.
brecorder.comReutersOct 27, 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.
