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The yuan edged higher after the PBOC set a firmer midpoint fix of 6.7522 per dollar. Implied volatility rose ahead of the Fed meeting, which was widely expected to deliver another 75-basis-point hike.
Currency moves in the yuan affect Chinese import demand economics for feed ingredients, but the small move here has little direct effect on grain prices.
brecorder.comReutersJul 22, 2022Not 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.
