Loading…
The yuan inched lower on August 25 amid broad dollar strength ahead of a Fed chair speech. The PBOC continued setting stronger-than-expected daily fixings, and the yuan is up 0.3% for the week but down over 5% this year.
Yuan volatility and PBOC support shape the affordability of Chinese imports, a routine currency wrap with limited direct feed price impact.
brecorder.comReutersAug 25, 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.
