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China's yuan steadied against the dollar ahead of the Federal Reserve's policy decision, with the PBOC midpoint at a two-week high of 6.7492. Trading stayed in a tight range as volumes shrank and traders awaited the Fed's guidance on rate hikes.
Currency moves were limited, so there is little direct change to the cost of dollar-priced feed imports for Chinese buyers.
brecorder.comReutersFeb 1, 2023After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
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.
