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The yuan held steady against the dollar on September 28 ahead of China's National Day holiday, with the PBOC setting a midpoint at 7.1798, weaker than the previous fix but still far firmer than Reuters estimates. Trading was thin, with turnover well below normal levels.
Routine currency moves with a holiday-thinned market add little new price direction for feed commodities, though the persistent weak yuan keeps Chinese import costs elevated.
brecorder.comReutersSep 28, 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.
